Data released by the National Bureau of Statistics show that in September, China's manufacturing purchasing managers index (PMI) was 50.2%, an increase of 0.5 percentage points from the previous month, returning to the expansion range.
In terms of enterprise size, the PMI of large enterprises was 51.6%, an increase of 0.8 percentage points from the previous month, and continued to be higher than the critical point; the PMI of medium-sized enterprises was 49.6%, the same as last month, and lower than the critical point; the PMI of small enterprises was 49.6%, the same as last month, and lower than the critical point. 48.0%, an increase of 0.3 percentage points from the previous month and below the critical point.
From the perspective of sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index, new order index and supplier delivery time index are higher than the critical point, while the raw material inventory index and employee index are lower than the critical point.
The production index was 52.7%, an increase of 0.8 percentage points from the previous month, indicating that the pace of expansion of manufacturing production has accelerated.
The new orders index was 50.5%, an increase of 0.3 percentage points from the previous month, indicating that manufacturing market demand continues to improve.
The raw material inventory index was 48.5%, an increase of 0.1 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry continued to narrow.
The employment index was 48.1%, an increase of 0.1 percentage points from the previous month, indicating that the employment boom of manufacturing companies has recovered slightly.
The supplier delivery time index was 50.8%, down 0.8 percentage points from the previous month and still higher than the critical point, indicating that the delivery time of manufacturing raw material suppliers continues to accelerate.
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