Caixin New Thursday (June 1) announced in the May of China's manufacturing industry to rise above the Rongku Line, showing that the production and operation activities of the manufacturing industry are still tough, but the employment situation continues to deteriorate, and corporate confidence is also in terms of corporate confidence.Obviously decline.
According to data released by Caixin.com, the China Manufacturing Purchasing Manager Index (PMI) in May recorded 50.9, an increase of 1.4 percentage points from April, and returned to the expansion range after two months.
This trend is not consistent with the PMI of the National State Bureau of Statistics.The May manufacturing PMI, which was previously announced by the Bureau of Statistics, was 48.8, which was less than 0.4 percentage points in April.
Caixin.com analysis, from the perspective of sub -data, the supply and demand of China's manufacturing industry has expanded slightly.In May, the manufacturing production index rose to the highest in July 2022. The new manufacturing orders index rose to the critical point again. It was high in the past two years and was only lower than February 2023.Interviewed companies said that potential demand improved, increased new customers, driving sales growth, and output rising.
The improvement of the supply and demand of manufacturing has not been passed on to the employment side. The employment situation in China further deteriorated, and the employment index fell to the lowest in March 2020.Enterprises that have reduced employment during the month generally stated that employees did not fill the vacancies after voluntary departure, and more importantly, they need to control the cost.The production has increased, the growth rate of overlay new orders is low, and the ability to process the backlog order of enterprises has increased. In the past five months, the backlog business volume index of the backlog of May was lower than the glory line for the first time.
Although the overall prosperity of China's manufacturing industry has improved, manufacturing entrepreneurs' expectations for the next year have significantly declined.The manufacturing confidence index fell to the lowest since November 2022, lower than the long -term average.Many companies are worried that economic instability will continue, especially overseas markets, which is not conducive to production and operation.
