China ’s PMI in May to 48.8%

China Statistics Bureau on Wednesday (May 31) of ChinaIn May, the manufacturing procurement manager index (PMI) was 48.8%, a decrease of 0.4 percentage points from the last month, which was lower than the critical point, showing that the level of manufacturing prosperity continued to fall.

According to the data released by the China Bureau of Statistics, from the perspective of the enterprise scale, the PMI of large enterprises is 50.0%, an increase of 0.7 percentage points from the last month, at the critical point;%, A decrease of 1.6 and 1.1 percentage points from last month, lower than the critical point.

From the perspective of the classification index, among the five classification index that constitutes the PMI of the manufacturing industry, the supplier delivery time index is higher than the critical point, and the production index, the new order index, the raw material inventory index and the employee index are all low.At the critical point.

The production index was 49.6%, a decrease of 0.6 percentage points from the previous month, indicating that the manufacturing production activities have slowed down.The new order index was 48.3%, a decrease of 0.5 percentage points from the previous month, indicating that the demand for the manufacturing market continued to fall.The raw material inventory index was 47.6%, a decrease of 0.3 percentage points from the previous month, indicating that the decline in the main raw material inventory of the manufacturing industry has expanded.The employee index was 48.4%, a decrease of 0.4 percentage points from the previous month, indicating that manufacturing enterprises have declined with their efforts.

The supplier distribution time index is 50.5%, an increase of 0.2 percentage points from the previous month, indicating that the delivery time of manufacturing raw material suppliers continues to accelerate.

The non -manufacturing business activity index in May was 54.5%, a decrease of 1.9 percentage points from the previous month, and it was still higher than the critical point. Non -manufacturing continued recovery growth.

According to the branch industry, the business activity index of the construction industry was 58.2%, a decrease of 5.7 percentage points from the previous month; the business activity index of the service industry was 53.8%, a decrease of 1.3 percentage points from the previous month.From the perspective of specific industries, railway transportation, water transportation, aviation transportation, telecommunications, radio and television and satellite transmission services, Internet software and information technology services such as business activities are located at high boom range above 60.0%; capital market services, real estate and other industriesThe index is lower than the critical point.

China ’s manufacturing PMI recorded 49.2 in April, a decrease of 2.7 percentage points from March. It is also the first time that this index has been lower than 50 this year.