CCTV news (News Network): The National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index in May on May 31. The index shows that the overall operation of the manufacturing industry is stable, and new driving forces are accelerating the expansion.
China's manufacturing purchasing managers index in May was 50%, which is at the critical point. Looking at the main sub-indices, the production index is 51.2%, and has been running above 51% for three consecutive months, indicating that the production activities of manufacturing companies continue to expand.
From the perspective of key industries, the development of new driving forces continues to improve, showing a trend of accelerating expansion, and the economy is steadily advancing towards new and optimal development. In May, the purchasing managers' indexes for high-tech manufacturing and equipment manufacturing were 52.9% and 52.1% respectively, up 0.7 and 0.3 percentage points respectively from the previous month. The new export order index for high-tech manufacturing and equipment manufacturing is both above 51%, indicating relatively strong demand in overseas markets.
Looking at the non-manufacturing industry, China's non-manufacturing business activity index was 50.1% in May, an increase of 0.7 percentage points from the previous month. The overall prosperity level of the non-manufacturing industry increased compared with the previous month, and business activities returned to the expansion range. Investment-related infrastructure activities have maintained steady growth, the prosperity level of festival consumption-related industries has increased, and the information service industry has maintained a rapid development momentum.
