In China, where strict restrictions on going out continue in various places such as Shanghai, the largest economic city due to the spread of the new coronavirus, the index showing the business sentiment of the manufacturing industry in April was the first to spread the influence of the new corona in February. After that, it became the lowest level, and the fact that the economy was being hit was shown again.
On the 30th, the National Bureau of Statistics of China announced the April Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,200 manufacturing companies, and it deteriorated by 2.1 points from last month to 47.4.
It has fallen below the milestone "50" to judge the good and bad of the economy for two consecutive months, the lowest level in which data can be confirmed, and the lowest level after February when the influence of the new corona first spread. became.
This is due to the fact that strict restrictions on going out are continuing in various places including Shanghai, the largest economic city, and factories are being shut down and production is being reduced one after another, logistics are disrupted, and supply of parts and raw materials is in short supply. This is the main factor.
In addition, the business sentiment index for non-manufacturing industries such as lodging and food and drink in April was 41.9, a significant deterioration of 6.5 points from last month.
With the spread of the new corona infection and the strict restrictions on going out under the Zero-COVID policy, the Chinese government seems to be intensifying the sense of crisis as the actual situation of the economic damage is shown again.