According to the China Federation of Logistics and Purchasing, the China Manufacturing Purchasing Managers Index (PMI) was 54.3% in September, up 0.3 percentage points from the previous month and the highest since May last year.
The data is located at a critical point of more than 50% for 7 consecutive months and continues to reflect the trend of the economy.
The data shows that the non-manufacturing business activity index in September was 58.9%, down 1 percentage point from the previous month. According to industry insiders, the fall in non-manufacturing PMI in September was a normal fluctuation, and there was no change in the trend of steady economic expansion.
Cai Jin, vice president of the China Federation of Logistics and Purchasing, believes that the non-manufacturing PMI indices remained stable in September, and the business activity activity index fluctuated. “But since the second quarter of this year, it has maintained a high level, indicating non-manufacturing. Business activities are in a more active position."
Another highlight is the new order index, which was 56.8% this month, up 0.5 percentage points from the previous month, the highest for 17 consecutive months since May last year; the new export order index rose 1.2 percentage points from the previous month.
Cai Jin said that the September new orders index and export order index fell from last month, reflecting that the key to maintaining growth is to cultivate demand and expand demand.
The data shows that the production index is 58.0%, up 0.1 percentage point from the previous month; the purchase price index is 57.5%, down 5.1 percentage points from the previous month, which is the first drop in the last 10 months, and the decline is larger.
The data is located at a critical point of more than 50% for 7 consecutive months and continues to reflect the trend of the economy.
The data shows that the non-manufacturing business activity index in September was 58.9%, down 1 percentage point from the previous month. According to industry insiders, the fall in non-manufacturing PMI in September was a normal fluctuation, and there was no change in the trend of steady economic expansion.
Cai Jin, vice president of the China Federation of Logistics and Purchasing, believes that the non-manufacturing PMI indices remained stable in September, and the business activity activity index fluctuated. “But since the second quarter of this year, it has maintained a high level, indicating non-manufacturing. Business activities are in a more active position."
Another highlight is the new order index, which was 56.8% this month, up 0.5 percentage points from the previous month, the highest for 17 consecutive months since May last year; the new export order index rose 1.2 percentage points from the previous month.
Cai Jin said that the September new orders index and export order index fell from last month, reflecting that the key to maintaining growth is to cultivate demand and expand demand.
The data shows that the production index is 58.0%, up 0.1 percentage point from the previous month; the purchase price index is 57.5%, down 5.1 percentage points from the previous month, which is the first drop in the last 10 months, and the decline is larger.
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