China ’s manufacturing PMI in December was worse than the estimation of the economist

(Beijing Comprehensive News) Official data shows that although the prevention and control measures of the crown disease epidemic in the early month, China's manufacturing activities in December 2022 have shrunk sharply for the third consecutive month, and the non -manufacturing business activity index is continuousSix months fell.

The National Bureau of Statistics of China announced on Saturday (December 31) that the December Purchasing Manager Index (PMI) report was admitted that due to factors such as the impact of the epidemic, China's "economic prosperity level was generally declined."

According to Bloomberg, the manufacturing PMI fell from 48 in November to 47, which is worse than the 47.8 estimated by economists, and the non -manufacturing index that measures the construction and service industry activities also from 46.7 last month 46.7 last monthFall to 41.6, lower than the general expected 45.

China National Bureau of Statistics pointed out in the report that the Chinese business activity index fell to 39.4 in December. Among the 21 industries surveyed, 15 were located in the contraction range, of which retail, road transportation, accommodation, catering, residential services, etc.The business activities index of contact and clustering industry are lower than 35, and the total industry business has fallen significantly.

Bloomberg analyzed that PMI data, which continued to decline in December, reflects China's sharp relaxation of crown disease control measures, and the surge in cases led the public to stay at home. The next Spring Festival travel peak may also make the epidemic even more serious.

The Chinese economy will continue to face challenges in the next few months

Report also predicts that the Chinese economy will continue to face challenges in the next few months. It will not wait until the end of February or March. After the first wave of epidemic is "over the peak", it will only feel the effect of optimizing epidemic prevention.

However, economists who have been interviewed by Bloomberg also believe that since the zero -zero policy has ended, the Chinese economy may become faster and stronger in 2023.4.8 %.