The latest Caixin PMI data shows that the supply and demand of China's manufacturing industry continued to expand. In December last year, the PMI of the manufacturing industry rose to 50.8, a new high in four months.
Caixin.com announced on the official website on Tuesday (January 2) that December 2023 Caixin China Manufacturing Manufacturing Manager Index (PMI) was recorded 50.8, which was higher than 0.1 percentage points higher than last month.The month is located in the expansion range.
This data is higher than the December manufacturing PMI published by the National Bureau of Statistics of China on the eve of New Year's Day (December 31), which records 49, which is 0.4 percentage points from November.The glory line of less than 50 a month fell to the lowest level since June last year.
The December Chinese manufacturing PMI released by Caixin is also higher than the 50.3 predicted by Bloomberg, which is a new high in August this year.
Compared with the official PMI, Caixin data mainly covers export -oriented companies, as well as small and medium -sized enterprises in coastal areas in China.
Wang Yan, a senior economist of Caixin Think Tank, said that in December 2023, the prosperity of the manufacturing industry continued to improve, but the current internal and external demand is still insufficient.The company is expected to be weak and the employment market is under pressure.Looking forward to the new year, there is still room for fiscal and monetary policies. Stability of employment policy needs to be further strengthened, more prominent employment priority orientation, alleviating the pressure of employment market, effectively improving people's livelihood, and cultivating long -term confidence in market entities.
