In April 2020, China'S Manufacturing Purchasing Managers Index (PMI) Was 50.8%.

In April, China's epidemic prevention and control situation was further consolidated, production and living order was quickening and recovery, and manufacturing and non manufacturing production and operation activities continued to improve. The manufacturing industry PMI was 50.8%, down 1.2 percentage points from last month; the non manufacturing business activity index was 53.2%, an increase of 0.9 percentage points from last month; the comprehensive PMI output index was 53.4%, up 0.4 percentage points from last month.

1. Operation of purchasing managers index of China's manufacturing industry

In April, China's Manufacturing Purchasing Managers Index (PMI) was 50.8%, down 1.2 percentage points from last month.

From the scale of enterprises, the PMI of large and medium-sized enterprises were 51.1% and 50.2% respectively, 1.5 and 1.3 percentage points lower than that of last month, while PMI for small enterprises was 51%, up 0.1 percentage points from last month.

According to the classification index, production index, new order index, employee index and supplier delivery time index are all higher than the critical point in the 5 classification indices of manufacturing PMI. Raw material inventory index is lower than the critical point.

The production index was 53.7%, though 0.4 percentage points lower than last month, but higher than 50%, indicating that manufacturing output continued to pick up.

The new order index was 50.2%, down 1.8 percentage points from last month, indicating that the manufacturing market demand has narrowed.

The stock index of raw materials was 48.2%, down 0.8 percentage points from last month, indicating that the main raw material inventory of manufacturing industry has declined.

The employment index was 50.2%, although it dropped 0.7 percentage points from last month, but it was higher than the critical point, indicating that the manufacturing enterprises returned to work.

The supplier delivery time index was 50.1%, an increase of 1.9 percentage points from last month, indicating that the delivery of raw material suppliers for manufacturing industry increased faster than last month.

Two. Operation of China's non Manufacturing Purchasing Managers Index

In April, the index of non manufacturing business activity was 53.2%, an increase of 0.9 percentage points from last month.

According to the industry, the business activity index of the construction industry is 59.7%, up 4.6 percentage points from last month. The service business activity index was 52.1%, an increase of 0.3 percentage points from last month. In terms of industry, business activity index in retail industry, catering industry, information transmission software and information technology service industry is above 55%, and the business activity index in accommodation industry, culture and sports entertainment industry, residential service industry and other industries is below 45%.

The new order index was 52.1%, up 2.9 percentage points from last month, indicating that the demand for non manufacturing market has recovered. According to the industry, the new order index of construction industry was 53.2%, up 4.8 percentage points from last month, and the new orders index of service industry was 51.9%, up 2.6 percentage points from last month.

The price index of the input goods is 49%, down 0.4 percentage points from last month, and is still below the critical point. This indicates that the overall level of input prices of non manufacturing enterprises for business activities continues to decline. According to the industry, the price index of construction industry input is 49.3%, down 3.2 percentage points from last month, and the service industry input price index is 48.9%, unchanged from last month.

The sales price index was 45.4%, down 0.7 percentage points from last month, indicating that the overall sales of non manufacturing industries have declined. According to the industry, the sales price index of construction industry is 50.2%, lower than that of last month by 2.3 percentage points, and the service industry sales price index is 44.6%, down 0.3 percentage points from last month.

The employment index was 48.6%, up 0.9 percentage points from last month. According to the industry, the construction industry practitioners index was 57.1%, an increase of 4 percentage points from last month; the service industry employment index was 47.1%, up 0.4 percentage points from last month.

The business activity expectation index is 60.1%, an increase of 2.8 percentage points from last month, indicating that the non manufacturing enterprises have restored confidence in the recent market development. In terms of industry, the business activity expectation index of construction industry was 65.4%, up 5.5 percentage points from last month, and the service industry activity expectation index was 59.2%, up 2.4 percentage points from last month.

Three. Operation of China's comprehensive PMI output index

In April, the composite PMI output index was 53.4%, an increase of 0.4 percentage points from last month, indicating that China's enterprises' production and operation activities continued to recover.