China ’s manufacturing procurement manager index (PMI) in February recorded 52.6%, an increase of 2.5 percentage points from January, the highest level in the past ten years.
The official website of China National Bureau of Statistics released data on Wednesday (March 1), showing that in FebruaryAnd 56.4%, higher than 2.5, 1.9, and 3.5 percentage points of last month, respectively, and the three major indexes were located in the expansion range for two consecutive months.
According to statistics, the manufacturing PMI data in February was the highest level after 53.3%recorded in April 2012, which is much higher than the 50.6%median of Bloomberg Economic Division.
Data show that the various classification indexes of the manufacturing PMI in February were higher than the January level. Of the 21 industries surveyed, 18 were located in the expansion range, an increase of 7 from January.At the same time, large, medium, and small enterprises PMI is located in the expansion range, with 53.7%, 52.0%, and 51.2%, respectively. The PMI of small and small enterprises has returned to the Rongku line for the first time since May 2021.
Zhao Qinghe, a senior statistician of the National Bureau of Statistics of China, analyzed that the February PMI continued to rise in February, showing that the effects of stable economic policy measures further appeared, and the influence of the epidemic affectedThe level of China's economic prosperity continues to rise.
He also pointed out that although the situation of enterprises' production and operation prosperity continued to improve, the proportion of manufacturing and service companies that reflect insufficient orders in the survey still accounted for more than 50.0%.Although this data has declined compared with last month, the problem of insufficient market demand is still more prominent. The foundation of China's economic recovery needs to be consolidated. The follow -up trend of PMI still needs to be further observed.
