The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on August 31. In August, China's manufacturing purchasing managers index (PMI) was 49.7%, an increase of 0.4 percentage points from the previous month.
"In August, the manufacturing PMI rebounded to 49.7%. Among the 21 industries surveyed, the PMIs of 12 industries rose month-on-month, and the level of manufacturing prosperity further improved." Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics express.
Synchronous recovery of production demand. In August, 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, especially the new order index rose to expansion for the first time since April In the interval, the production activities of the manufacturing industry accelerated, and the market demand improved.
The willingness of enterprises to purchase has increased. In August, driven by the improvement of manufacturing production and market demand, corporate procurement activities have accelerated recently, and the procurement volume index rose to an expansion range of 50.5%, 1 percentage point higher than the previous month.
Business confidence has improved. In August, the production and business activity expectation index was 55.6%, an increase of 0.5 percentage points from the previous month, and it was in a relatively high economic range for two consecutive months, indicating that with the recent intensive introduction of a series of macro-control policies and measures, enterprises have further strengthened their confidence in market development . From the perspective of industry, except for the textile industry, the expected index of production and operation activities in other industries is in the boom range, especially the agricultural and sideline food processing, automobile and other industries are in the high boom range of more than 60%, and enterprises are relatively optimistic about the development prospects of the industry.