CCTV News: Data released by the National Bureau of Statistics and the China Federation of Logistics and Procurement on March 31 showed that China's manufacturing purchasing managers' index (PMI) in March was 50.5%, up 0.3 percentage points from the previous month, and the prosperity of my country's manufacturing industry continued to rebound.
In March, as the impact of the Spring Festival factors gradually subsided, the production and operation activities of enterprises accelerated, and the manufacturing PMI expanded for two consecutive months. From the demand side, the new order index was 51.8%, up 0.7 percentage points from the previous month, and was operating above 51% for two consecutive months. The continued increase in foreign trade policy has driven foreign demand to continue to stabilize. The new export order index was 49%, up 0.4 percentage points from the previous month, and rose for two consecutive months. The accelerated growth on the demand side has also boosted the production willingness of enterprises, with the production index of 52.6%, operating above 52% for two consecutive months.
Cai Jin, president of the China Federation of Logistics and Procurement, said that from March, the momentum of the index recovery comes mainly from the demand side, especially the recovery of the new order index is still relatively obvious, including the new order index for exports, is also rebounding. This also reflects that the effects of macroeconomic policy have further emerged over the past period of time, especially for the small enterprise PMI index rebounded by 3.3 percentage points, with a large increase in the market's endogenous momentum.
From the perspective of key industries, the equipment manufacturing industry, high-tech manufacturing industry and consumer goods industry PMIs were all higher than last month, and rebounded for two consecutive months. Demand at home and abroad in related industries has increased significantly, and new quality productivity has accelerated its development.
Experts said that the production index and new order index of industries such as railways, ships, aerospace equipment, computer communications and electronic equipment have all risen to a higher prosperity range of more than 55%, and the production needs of related industries have been released at a faster pace. Driven by the rebound in production and demand, enterprises are still strong in purchasing, and the procurement volume index has remained in the expansion range for two consecutive months.
