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China's manufacturing PMI was 50.4 per cent in April, in expansion range for two consecutive months
Release time:
2024-04-30
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In April, the manufacturing purchasing managers' index (PMI) was 50.4, down 0.4 percentage points from the previous month. It was in the expansion range for two consecutive months, and the manufacturing industry continued to recover. In terms of enterprise size, the PMI of large enterprises was 50.3 per cent, down 0.8 percentage points from the previous month; the PMI of medium-sized enterprises was 50.7 per cent, up 0.1 percentage points from the previous month; and the PMI of small enterprises was 50.3 per cent, unchanged from the previous month. From the perspective of the sub-index, among the five sub-indices that make up the manufacturing PMI, the production index, the new order index and the supplier delivery time index are higher than the critical point, and the raw material inventory index and the employee index are lower than the critical point.
Operation of China's Manufacturing Purchasing Managers Index
In April, the manufacturing purchasing managers' index (PMI) was 50.4, down 0.4 percentage points from the previous month. It was in the expansion range for two consecutive months, and the manufacturing industry continued to recover.
In terms of enterprise size, the PMI of large enterprises was 50.3 per cent, down 0.8 percentage points from the previous month; the PMI of medium-sized enterprises was 50.7 per cent, up 0.1 percentage points from the previous month; and the PMI of small enterprises was 50.3 per cent, unchanged from the previous month.
From the perspective of the sub-index, among the five sub-indices that make up the manufacturing PMI, the production index, the new order index and the supplier delivery time index are higher than the critical point, and the raw material inventory index and the employee index are lower than the critical point.
The production index was 52.9, up 0.7 percentage points from the previous month, indicating that the production activities of manufacturing enterprises continued to accelerate.
The index of new orders was 51.1 per cent, down 1.9 percentage points from the previous month and continued to be above the threshold, indicating that demand in the manufacturing market remained restored.
The raw material inventory index was 48.1 per cent, unchanged from the previous month and below the threshold, indicating that the inventory of major raw materials in the manufacturing sector continued to decline.
The employment index was 48.0 per cent, down 0.1 percentage points from the previous month, indicating a slight decline in the employment boom in manufacturing enterprises.
The supplier delivery time index was 50.4 per cent, down 0.2 percentage points from the previous month and still above the threshold, indicating that the delivery time of manufacturing raw material suppliers continues to accelerate.
Table 1 China's manufacturing PMI and composition index (seasonally adjusted
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