China's manufacturing industry sentiment index for this month (May) was higher than last month (April), but fell below the economic judgment milestone of "50" for three consecutive months, and was infected with the new coronavirus. The impact of the expansion on the economy continues.
According to the Manufacturing PMI = Purchasing Manager Business Confidence Index, which is surveyed by the National Bureau of Statistics of China for 3,200 manufacturing companies, this month's index was 49.6, 2.2 points higher than last month.
However, the index has fallen below "50", which is a turning point for judging whether the economy is good or bad, for three consecutive months.
The impact of restrictions on going out due to the spread of the infection has improved somewhat compared to last month, with some companies resuming operations in Shanghai, but in addition to the suspension of operations by companies, the supply of parts and raw materials due to logistics disruptions. This is due to factors such as the continued shortage.
In addition, the business sentiment index for non-manufacturing industries such as lodging and eating and drinking was 47.8, which was 5.9 points higher than last month, but also fell below the milestone of "50" for three consecutive months.
In Shanghai, the city authorities have announced a policy to virtually lift the restrictions on going out from the 1st and restart the production activities of companies completely, and while the number of infected people is declining all over China, logistics The issue is whether we can resolve the turmoil and normalize corporate activities at an early stage.