According to the data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing on August 31, in August, China's manufacturing purchasing managers index was 49.7%, an increase of 0.4 percentage points from the previous month, and it has rebounded for three consecutive months. The economy continued to recover steadily.
In August, the manufacturing PMI rebounded to 49.7%. Among the 21 industries surveyed, 12 had a month-on-month increase in PMI. The production index and new order index were 51.9% and 50.2% respectively, up 1.7 and 0.7 percentage points from the previous month, both of which were highs in the past five months. In particular, the new orders index rose to the expansion range for the first time since April, showing that market demand has improved.
In addition, the consumer goods manufacturing new order index and new export order index were 53% and 50% respectively, an increase of 3.6 and 4.4 percentage points from the previous month, and the increase was more obvious.
According to the data, the overall level of manufacturing market prices has also rebounded due to the acceleration of corporate procurement activities. The purchase price index and ex-factory price index of major raw materials increased by 4.1 and 3.4 percentage points from the previous month, respectively 56.5% and 52%.
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