China's factory activities slow, expectations unabated

0 Comment(s)Print E-mail Xinhua, May 1, 2023
Adjust font size:

China's factory activities slowed in April as the foundation for economic recovery has not yet been consolidated, but analysts say expectations for further economic expansion remain unabated.

The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.2 in April, down from 51.9 in March, data from the National Bureau of Statistics (NBS) showed Sunday.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The April reading was affected by insufficient market demand and a high base in the first quarter, the bureau's senior statistician Zhao Qinghe said.

Despite the decline, analysts noted that sub-indexes continue to show positive signs, and the economy's growth momentum continues.

Production in the manufacturing sector maintained its expansion, with the sub-index standing at 50.2, according to the NBS.

In April, affected by the declining prices of bulk commodities on the international market, the sub-index measuring purchase prices of major raw materials decreased by 4.5 percentage points from the previous month to 46.4, said Wen Tao, an analyst at the China Logistics Information Center.

A survey conducted by the center and the NBS showed that 43 percent of enterprises consider the costs of raw materials to be high, down 4.2 percentage points from the previous month.

The index measuring supplier delivery times maintained its expansion for three consecutive months, indicating that logistics efficiency has improved and providing a solid foundation for the easing of supply shocks, Wen said.

Market sentiment in the manufacturing sector remains stable as the sub-reading for business expectations stood at 54.7, according to the NBS.

The purchasing managers' index for China's non-manufacturing sector came in at 56.4 in April, down from 58.2 in March, but still remains in expansion.

The recovery of the services sector was consolidated, Zhao said, noting that the sub-index for business activities climbed to 55.1, increasing by 15.1 percentage points from the same period last year.

The sub-index for new orders in the services sector stood at 56.4 as demand continued to be unleashed, and the sub-index measuring expectations for business activities came in at 62.3, revealing strong enterprise confidence.

The sub-index for the construction sector was 63.9 this month, and companies in the industry remain confident about the future of the market.

China's composite PMI stood at 54.4 in April, signaling that overall production from manufacturing and non-manufacturing enterprises continues to expand, Zhao said.

The decline of PMI indexes in April is temporary during economic recovery, said Zhang Liqun, a researcher at the Development Research Center of the State Council, calling for more efforts to ensure the full implementation of existing policies.

China's economy is still recovering, with yet-to-be-strengthened impetus, insufficient demand and new headwinds in the country's economic transformation and upgrading, according to a key meeting of China's top decision-makers on Friday. The meeting also noted that there remain many difficulties and challenges in the country's pursuit of high-quality development.

The meeting urged efforts to accelerate the construction of a modern industrial system underpinned by the real economy, consolidate the foundation of self-reliance and strength in science and technology, boost the confidence of business entities, and help companies recover strength for development.

China will roll out practical and effective measures based on in-depth research to maintain sound growth momentum, and it will promote the sustained and overall improvement of economic operations, said Meng Wei, spokesperson for the National Development and Reform Commission.


Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产成人免费全部网站| 女人下边被添全过视频| 亚洲AV日韩AV永久无码下载| 爆乳女仆高潮在线观看| 四虎1515hm免费国产| 风间由美在线亚洲一区| 国产精品99久久免费观看| 97久久精品午夜一区二区| 女人扒开腿让男生桶爽动漫| 中文字幕在亚洲第一在线| 日本最新免费不卡二区在线| 亚洲av综合色区无码一区爱av | 国内精品卡1卡2卡区别| wwwjizzz| 尹人久久久香蕉精品| 中文字幕成人乱码在线电影| 日韩中文在线播放| 亚洲av无码不卡在线播放| 欧美性猛交xxxx乱大交丰满 | 又黄又骚的网站| 国产裸拍裸体视频在线观看| a级精品九九九大片免费看| 宝贝过来趴好张开腿让我看看| 中文字幕丰满乱孑伦无码专区| 日本人强jizzjizz老| 久久狠狠高潮亚洲精品| 明星换脸高清一区二区| 亚洲av无码专区在线| 欧洲精品99毛片免费高清观看| 亚洲国产欧美91| 欧美性活一级视频| 亚洲成人免费在线观看| 欧美牲交a欧美牲交aⅴ图片| 亚洲精品视频在线免费| 特区爱奴在线观看| 人人妻人人玩人人澡人人爽| 男女性潮高清免费网站| 免费在线观看一区| 秦91在线播放第3集全球直播| 成人影片麻豆国产影片免费观看| 久久伊人五月天|