The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on December 31, showing that the Purchasing Managers' Index (PMI) for the manufacturing industry was 50.1% in December, rising to the expansion range for the first time since April. Among the 21 industries surveyed, 16 industries have seen a rebound in PMI compared to last month, indicating an improvement in the production and operation situation of related enterprises. The data shows a significant rebound in both production and demand. In December, the production index and new order index were 51.7% and 50.8%, respectively, up 1.7 and 1.6 percentage points from the previous month. Especially, the new order index rose above the critical point for the first time since the second half of the year, and both ends of the manufacturing industry's production and demand expanded significantly compared to the previous month. The PMI of large enterprises has returned to the expansion range. In December, the PMI of large enterprises was 50.8%, an increase of 1.5 percentage points from the previous month, rising above the critical point; The PMI of medium-sized enterprises was 49.8%, an increase of 0.9 percentage points from the previous month, indicating a rebound in the economic situation; The PMI for small businesses was 48.6%, a decrease of 0.5 percentage points from last month, indicating a slight decline in the economic outlook. The expected index has risen to a higher level of prosperity. In December, the expected index of production and operation activities was 55.5%, an increase of 2.4 percentage points from the previous month, indicating that manufacturing enterprises' confidence in market development continues to strengthen. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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