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: 麻豆国产三级在线观看| aaaaa毛片| 最好看的免费观看视频| 亚洲永久精品ww47| 男女作爱免费网站| 又色又爽又黄的视频软件app| 野外亲子乱子伦视频丶久草资源| 国产漂亮白嫩美女在线观看| 2022国产麻豆剧果冻传媒剧情| 在线观看一级毛片免费| youjizcom亚洲| 成人免费大片免费观看网站| 久久久久777777人人人视频| 日韩a在线看免费观看视频| 亚一亚二乱码专区| 欧美一级片在线| 亚洲小说区图片区另类春色| 毛片基地免费观看| 亚洲色精品vr一区二区三区| 男女爽爽无遮挡午夜动态图| 再深点灬舒服灬太大了添老师| 美景之屋4在线未删减免费| 国产v亚洲v天堂无码| 被男按摩师添的好爽在线直播| 国产性夜夜春夜夜爽三级| 成人a在线观看| 国产护士一级毛片高清| 欧美在线色视频| 国产精品12页| 33333在线亚洲| 欧洲无码一区二区三区在线观看 | a√天堂中文在线最新版| 岳一夜要我六次| 三级理论在线播放大全| 成人麻豆日韩在无码视频| 中文字幕日韩理论在线 | 免费国产在线视频| 男女啪啪永久免费观看网站| 免费国产成人午夜私人影视 | 狠狠躁夜夜躁人人爽超碰97香蕉| 免费a级毛片无码av|