Xinhua News Agency, Beijing, Jan. 31 (Xinhua) -- The rebound in PMI in January released a positive signal for economic operation at the beginning of the year.
Xinhua News Agency reporter Wei Yukun.
According to data released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing on January 31, China's manufacturing purchasing managers' index (PMI), non-manufacturing business activity index and composite PMI output index were respectively7% and 509%, up from the previous month3 and 06 percentage points, China's economic prosperity level has rebounded, releasing a positive signal of economic operation at the beginning of 2024.
In January, China's manufacturing PMI rose to 492%, ending a three-month losing streak. Wen Tao, an expert from China Logistics Information Center, said.
Market demand has stabilized and rebounded, and the momentum of economic operation has been strengthened.
In January, driven by the advantages of China's super-large-scale market and the policy of expanding domestic demand, the demand in the manufacturing market stabilized and rebounded, and the new orders index was 49%, an increase of 03 percentage points. Wen Tao said.
From the perspective of key industries, in January, the new orders index of equipment manufacturing, high-tech manufacturing and consumer goods industry were2% and 503%, all above the 50% threshold; The new orders index of high-energy-consuming industries was 47%, and the market demand was still insufficient.
It is worth noting that in January, the index of new export orders was 472%, up 1 from the previous month4 percentage points. According to Wen Tao's analysis, this is mainly due to the recent rapid growth in foreign demand for China's ships, automobiles, basic raw materials and computer communication electronic equipment, which has led to a significant improvement in the exports of equipment manufacturing, high-tech manufacturing and basic raw materials industries.
The production activities of enterprises accelerated, and the PMI of large enterprises rose to the expansion range.
In January, the production index was 513%, up 1 from the previous month1 percentage point, rising to a nearly four-month high.
The new momentum continued to increase steadily. In January, the equipment manufacturing PMI was 501%, although it decreased slightly by 01 percentage point, but it still remained in the expansion range for 5 consecutive months. The high-tech manufacturing PMI was 511%, up 08 percentage points.
From the perspective of enterprises of different sizes, in January, the PMI of large enterprises was 504%, rising to the expansion range, the survey results show that more than seventy percent of large enterprises capacity utilization rate reached or exceeded 80%, and the production capacity of enterprises was released quickly; The PMI for medium-sized businesses is 489%, up 02 percentage points; The PMI for small businesses is 472%, down 01 percentage point.
The expectations of enterprises are basically stable, and there is a foundation for the market outlook.
Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, said that due to the approach of the Spring Festival holiday and the impact of some industries entering the traditional off-season of production, the expected index of production and business activities is 54%, which continues to be in the expansion range, and the confidence of enterprises in the future market development is generally stable.
In order to meet the diversified needs of domestic consumers for spatial computing products, we are about to launch the latest products, which have related functions such as space**, light office, and giant screen viewing, and we are very confident in the future development prospects. Zhu Ran, chief marketing officer of Play Dream (Shanghai) Technology, said that at present, the company's scientific and technological research and development personnel have accounted for more than 70%, and as the spatial computing market continues to expand, the transformation and upgrading of the manufacturing industry, innovation and development have confidence.
From the perspective of non-manufacturing, in January, the non-manufacturing business activity index was 507%, up 03 percentage points, the non-manufacturing industry continued to expand steadily.
The index of business activity in the services sector rose into expansion territory. In January, the index of business activity in the services sector was 501%, up 08 percentage points, the level of prosperity has rebounded. From the perspective of market expectations, the business activity expectation index is 593%, basically the same as the previous month, and continued to be in the relatively high prosperity range.
The business activity index of the construction industry has retreated. Affected by factors such as low temperature weather in winter and the approaching Spring Festival holiday, the construction industry has entered the off-season of construction, and the business activity index is 539%, down 3 percentage points from the previous month. In terms of market expectations, the business activity expectation index was 619%, which continues to be in the high boom range.
In January, the composite PMI output index was 509%, up 06 percentage points, indicating that the production and business activities of China's enterprises continue to expand. Zhao Qinghe said.
Industry insiders pointed out that as a leading indicator of economic operation, the PMI rebounded in January, showing that China's economic operation has undergone significant positive changes, endogenous power has continued to increase, and social expectations have continued to improve.
This year's New Year's Day holiday national domestic tourism travel 13.5 billion person-times, achieving 797 domestic tourism revenue300 million yuan, an increase of 155 year-on-year3% and 2007%；On January 26, the first day of the Spring Festival, the cross-regional flow of people in the whole society was nearly 1900 million person-times, an increase of 19 over the same period last year7%；According to data from Full Gang Freight, from January 1 to 21, the road freight volume of building materials, flowers, and fresh aquatic products was ** 61% and 1176%……The increase in logistics activity reflects the development trend of China's economic recovery.
Looking forward to 2024, China's development will continue to be both opportunities and challenges. Liu Sushe, deputy director of the National Development and Reform Commission, said that on the whole, the favorable conditions are stronger than the unfavorable factors, and there are still many factors supporting the steady and healthy development of China's economy, and the basic trend of China's economic rebound and long-term improvement has not changed.