Xinhua News Agency, Beijing, March 1 (Reporter Wei Yukun) The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on the 1st that in February, China's manufacturing purchasing managers' index (PMI) was 491%, down 01 percentage point.
In February, due to the impact of the Spring Festival holiday, the manufacturing industry was in the traditional off-season, coupled with the increase in the number of employees returning to their hometowns during the holiday after the smooth transition of epidemic prevention and control, the production and operation of enterprises were greatly affected, and the overall activity of the manufacturing market declined, and the manufacturing PMI decreased slightly by 0 compared with the previous month1 percentage point. Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said.
Statistics show that the production and demand index fell and flattened. In February, the production index was 498%, down 1. from the previous month5 percentage points, the production activities of enterprises have slowed down; The new orders index was 490%, unchanged from the previous month.
Large corporate PMIs continue to be above the tipping point. In February, the PMI of large enterprises was 504%, the same as the previous month, continued to be in the expansion range, of which the production index and new orders index remained above the critical point for 10 consecutive months; The PMI for medium-sized businesses is 491%, up 02 percentage points; Small businesses were more affected by the Spring Festival holiday, with a PMI of 464%, down 08 percentage points, production and business activities slowed down.
High-tech manufacturing continues to expand. In February, the high-tech manufacturing PMI was 508%, down 03 percentage points, remaining in the expansion range for 4 consecutive months, and the industry continued to grow; The PMI of the equipment manufacturing industry and the consumer goods industry were 495% and 500%, down 06 and 01 percentage point, the level of prosperity has fallen; The PMI of the energy-intensive industries was 479%, up 03 percentage points, the prosperity level rebounded at a low level.
Business expectations are stable. In February, the expected index of production and business activity was 542%, up 02 percentage points, indicating that enterprises have increased confidence in the development of the market after the Spring Festival.
Zhao Qinghe said that in February, the non-manufacturing business activity index was 514%, up 07 percentage points; The composite PMI output index is 509%, the same as the previous month, China's economy as a whole continued to expand.