Analysts said that this shows that the economic toughness still exists, but the foundation of stabilization of economic stability still needs to be consolidated.
(Beijing / Shanghai Comprehensive News) The official and Caixin manufacturing procurement manager index (PMI) in China in April fell, but it is still in the expansion range above the glory line.Analysts said that this shows that the economic toughness still exists, but the foundation of stabilization of economic stability still needs to be consolidated.
Comprehensive Reuters, Caixin.com, and China Securities Network reported that the National Bureau of Statistics of China announced yesterday that the PMI of the manufacturing industry in April was 50.1, a decrease of 0.4 points from March, which was also lower than the market's general expected 50.5.
China ’s manufacturing PMI rose 1.3 points in March. After a lapse of four months, he returned to the Rongbai Line for the first time, which once greatly boosted market confidence.Fall.
Zhang Liqun, a researcher at the Development Research Center of the State Council of China: After the manufacturing PMI index rose significantly in March, the PMI index of the manufacturing industry fell slightly in April, indicating that the foundation of economic stability is still unstable.
Lianxun Securities analysts Li Qilin and Zhang Deeli believe that this means that the economy may not be as optimistic as the market is expected in the near future, so it is expected that while continuing structural deleveraging, the measures of steady growth will not be absent.
The trend of the PMI of the Fiscal New China Manufacturing Industry in April announced yesterday was consistent with the official manufacturing PMI. It recorded 50.2. Although it fell 0.6 points from March, it was still in the expansion range.
The split indexes of the PMI of the two groups of manufacturing are also similar.The two production indexes, new order indexes, and investment price index fell in the expansion range, and the finished product inventory index and raw material inventory index fell in the contraction range.In March, it jumped to more than five years of high -level Caixin China manufacturing employment index, and returned to the contraction range again.
The Non -Manufacturing Business Activity Index released by the Bureau of Statistics yesterday was 54.3, which was 0.5 points fell from last month, but it was still a higher expansion range above 54 in four consecutive months.
Huatai Securities macro analyst Li Chao and others believe that in March, it includes the seasonal factors of more after -resumption of work. In April, the data was maintained on seasonal callbacks.The end support factors are still existing, the supply -side environmental protection policies have been strengthened, and supply and demand jointly promotes the industrial producer's factory price index (PPI) to stabilize and recover. Industrial data should have high toughness in the future.
Zou Qiang, an analyst at the Everbright Paudexin Fund macro -strategy analyst, pointed out that part of the data fall is that seasonal factors cannot be explained, mainly because the production and new orders representing supply and demand have declined.
Zhao Qinghe, a senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, pointed out that the official production index and the new order index in April were 52.1 and 51.4, respectively.And 0.8 points are at a high level of high prosperity for nearly seven months.
Zhong Zhengsheng, chairman and chief economist of Monita Research of Caixin Think Tank, said: In April, the Chinese economy still showed good toughness, but the economy was only weak and stable, and he could not talk about the upward turning point.
He also pointed out that in terms of policies, the Politburo meeting of the Communist Party of China last month had marginal adjustments to the inverse cycle policy of the first quarter.
