Chinese manufacturing PMI has been in a contraction range for five consecutive months

China ’s manufacturing procurement manager index (PMI) in August is 49.7%, an increase of 0.4 percentage points over the previous month, but it is still in the contraction range for the fifth consecutive month.

China National Bureau of Statistics on Thursday (August 31) announced on the official website that the PMI of China's manufacturing industry was 49.7%in August, an increase of 0.4 percentage points from the previous month, and rose for three consecutive months, showing the manufacturing prosperityThe level is further improved.

Data show that from the perspective of enterprise scale, large, medium, and small enterprises PMI is 50.8%, 49.6%, and 47.7%, respectively, which are increased from July.

Among the five classification indexs that constitute the PMI of the manufacturing industry, the production index, new order index and supplier distribution time index are higher than the harmony line. The raw material inventory index and the employee index are in the contraction range.

The non -manufacturing PMI PMI in August that was announced on the same day was 51%. Although higher than the Rongku line, it fell 0.5 percentage points from July;One percentage point.

Huo Lihui, Director of the Enterprise Enterprise Enterprise Enterprise Enterprise Enterprise Division of the China National Statistics Bureau, said that the PMI of the manufacturing industry has continued to rise, showing that with the recent introduction of a series of macro -control policies and measuresDevelopment confidence has increased.

She pointed out that from the perspective of the industry, except for the textile industry, the production and operation activities of other industries expectation index is located in the prosperity range, of which the production and operation activities of agricultural and sideline food, processing, automobiles and other industries are inMore than 60%of the high -level prosperity range shows that companies are relatively optimistic about the development of the industry in the near future.

Zhao Qinghe, a senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, pointed out that at present, insufficient market demand is still the main problem facing enterprises, and the foundation of manufacturing to restore development needs to be further consolidated.