📋 Tender Overview
The manufacturing PMI rebounded in August and the non-manufacturing business activity index continued to expand- Zhao Qinghe senior statistician of the Service Industry Survey Center of the National Bureau of Statistics explained the China PMI for August 2022On August 31 2022 the Service Industry Survey Center of the National Bureau of Statistics and China Federation of Logistics and Purchasing released the China Purchasing Managers Index. In this regard Zhao Qinghe senior statistician of the Service Industry Survey Center of the National Bureau of Statistics made an interpretation.In August the manufacturing purchasing managers index was 49.4 up 0.4 percentage points from the previous month the non-manufacturing business activity index and composite PMI output index were 52.6 and 51.7 respectively down 1.2 and 0.8 percentage points from the previous month. Continue to be in the expansion zone. In general in the face of unfavorable factors such as the epidemic and high temperature all regions and departments have conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council and enterprises have responded actively.1. Manufacturing Purchasing Managers Index has reboundedIn August the manufacturing PMI rebounded to 49.4. Among the 21 industries surveyed 12 of them rose from the previous month and the prosperity level of most industries improved.1 The production and demand index is one level and one liter. The production index was 49.8 the same as last month and the new orders index was 49.2 0.7 percentage points higher than the previous month. Both indexes continued to be in the contraction range indicating that the recovery of manufacturing production and demand still needs to be strengthened. From the perspective of the industry driven by factors such as the approaching of the Mid-Autumn Festival the two indexes of agricultural and sideline food processing food and beverages refined tea and other industries have risen to a relatively high boom range of over 55.0. Recently the market demand has accelerated and enterprises are actively stocking up textiles chemical raw materials and chemical products non-metallic mineral products and other industries the two indexes were lower than 45.0 and the production and demand of enterprises fell significantly.2 The price index rebounded from a low level. The purchasing price index and ex-factory price index of major raw materials were 44.3 percent and 44.5 percent respectively up 3.9 and 4.4 percentage points from the previous month and the decline in the overall level of manufacturing market prices narrowed. The survey results show that the proportion of enterprises reporting high raw material costs this month was 48.4 a decrease of 2.4 percentage points from the previous month and was lower than 50.0 for the first time this year indicating that the cost pressure of enterprises has eased.3 The PMI of large and medium-sized enterprises has rebounded. The PMI of large enterprises was 50.5 an increase of 0.7 percentage points from the previous month and rose to the expansion range. The PMI of medium-sized enterprises was 48.9 an increase of 0.4 percentage points from the previous month and the prosperity level has improved. The PMI of small enterprises was 47.6 a decrease of 0.3 percentage points from the previous month. The prosperity level continued to decline and the production and operation pressure of small enterprises was relatively large.4 Some key industries continued to expand. With the implementation of various policies and measures to promote consumption the PMI of the consumer goods industry rose to 52.3 0.9 percentage points higher than the previous month. The PMIs of equipment manufacturing and high-tech manufacturing were 50.9 and 50.6 respectively down 0.3 and 0.9 percentage points from the previous month and still higher than the critical point. The industry continued to expand but at a slower pace.
