Xinhua News Agency, Beijing, May 31 (Reporter Wang Yuxiao) Data released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing on the 31st showed that in May, my country’s manufacturing purchasing managers index (PMI) was 50.0%, down 0.3 percentage points from the previous month, and the overall production and operation conditions of enterprises remained stable.
Enterprise production maintained expansion. The production index was 51.2%, higher than the critical point, and the production activities of manufacturing companies continued to expand; the new orders index was 49.9%, and market demand slowed down. From an industry perspective, the production index and new order index of industries such as medicine, railways, ships, aerospace equipment, and computer communications electronic equipment are both higher than 53.0%, and the production and demand ends of related industries are relatively active; the two indexes of industries such as petroleum, coal and other fuel processing, chemical fiber and rubber plastic products, and non-metallic mineral products continue to be lower than the critical point, and both supply and demand ends are still insufficient.
The development trend of new driving forces continues to improve. The high-tech manufacturing and equipment manufacturing PMIs were 52.9% and 52.1% respectively, up 0.7 and 0.3 percentage points from the previous month, both continuing to be higher than the critical point. In particular, the high-tech manufacturing PMI has been in the expansion range for 16 consecutive months. Related industries have maintained good growth momentum, and the leading role of new momentum continues to show.
The PMI of large enterprises continues to be higher than the critical point. The PMI of large enterprises was 51.1%, an increase of 0.9 percentage points from the previous month. It has remained in the expansion range since this year, and large enterprises continued to maintain good production and operation conditions; the PMI of medium and small enterprises was 48.6% and 48.5% respectively, and the prosperity level dropped.
In May, the main raw material purchase price index and ex-factory price index were 60.5% and 51.9% respectively, both down 3.2 percentage points from the previous month and still at recent high levels. Both indices have been in the expansion range for five consecutive months. The overall level of manufacturing market prices continues to rise.
