The October manufacturing PMI was 50.2%, the chain fell 0.6 percentage points
In October 31, 2018, the National Bureau of Statistics survey center services and Chinese Federation of logistics and purchasing released Chinese purchasing managers index. In this regard, the National Bureau of Statistics Survey Services Senior Statistician Zhao Qinghe interpretation center.
A slowdown in the expansion of Manufacturing Purchasing Managers Index
In October, influenced by the "eleven" long and complicated external environment factors such as manufacturing, supply and demand fluctuation, the manufacturing PMI was 50.2%, the chain fell 0.6 percentage points, but still located in the expansion zone, overall manufacturing industry continued to maintain a growth slowdown. The main features: one is the fundamentals of manufacturing industry is generally stable. In the survey of 21 industry, the 13 industry of PMI located in the expansion zone, including agricultural and sideline products processing, food and beverage refined tea, medicine, textile and apparel manufacturing PMI are located in more than 53% high level operation, rapid growth; textile industry and automobile manufacturing industry PMI shrink at the interval, an mom, have come down. Two is the supply and demand is steady and slow. The production index was 52.0%, down 1 percentage points from last month. The new orders index was 50.8%, down 1.2 percentage points from last month, the new export orders index reflects changes in external demand for 46.9%, 1.1 percentage points lower than last month. Three is the price index callback. The main raw material purchase price index and the price index for 58.0% and 52.0%, respectively, lower than the previous month 1.8 and 2.3 percentage points, easing pressure on prices. But the survey results also reflect the main raw material purchase price index and price index difference expansion to 6.0 percentage points, indicating that manufacturing raw material purchase prices continued to exceed the product prices, affecting the growth of some enterprises benefit. Four is the enterprise for the next three months is expected to basically stable production and operation. The production and business activities of the expectations index was 56.4%, unchanged from last month. In the survey of 21 industry categories, except textile industry, was higher than the critical point. Among them, agricultural and sideline products processing, food and beverage refined tea, special equipment, railway ship aerospace equipment manufacturing industry in more than 60% high boom interval, and the chain is improved.
From the enterprise scale, large enterprises PMI was 51.6%, 0.5 percentage points lower than last month, but still higher than the overall level of manufacturing industry of 1.4 percentage points, relatively stable operation, is the main support for manufacturing industry to maintain growth in the small and medium sized enterprises; PMI 47.7% and 49.8%, respectively, lower than the previous month 1.0 and 0.6 percentage points lower than the critical point.
Second, the non manufacturing business activity index of high volatility
In October, non manufacturing business activity index was 53.9%, down 1 percentage points from last month, but remained at a high level of operation, indicating that the non manufacturing sector continued to expand trend, slowed the pace of.
The service sector continued growth momentum. Services business activity index was 52.1%, down 1.3 percentage points from last month, the service industry overall expansion rate slowed down. In the "eleven" golden week pull, rail transport, air transport, business services industry business activity index is higher than 55%, the total business of rapid growth; postal courier, telecommunications, Internet software and other new services business activity index are in more than 59% high booming region, business activities are more active. By manufacturing production callback influence, producer services business activity index 5.1 percentage points lower than last month, 50.5%. In addition, securities, real estate industry business activity index in the contraction range, especially the securities industry for the year low monthly spring festival. From the market is expected to see, in 20 service industries in the survey, in addition to the securities industry, other industries are located in the business activity index is expected to boom interval, the business activities of air transport, courier, accommodation, banking and insurance industry chain index is expected to have improved, and in more than 65% enterprises optimistic about the recent development of market expectations.
The construction industry boom high lift. Construction business activity index was 63.9%, higher than last month and the same period last year by 0.5 percentage points and 5.4 percentage points, continue to maintain a high price trend. From the market demand and is expected to see the construction of new orders index and the index of business activity is expected to 56.2% and 66%, respectively, an increase of over 0.5 percentage points and 0.9 percentage points, the steady growth of the construction market demand, business confidence is strong.
Third, the comprehensive index of output boom fell PMI
10 month, PMI output index is 53.1%, 1.0 percentage points lower than last month, showed that the production and business activities of enterprises in our country continue expanding, but growth has slowed. Among them, a comprehensive index of manufacturing output index PMI manufacturing and non manufacturing business activity index were 52% and 53.9%, the chain dropped.