China's Manufacturing Pmi Rebounded To 49.8% In September 2019

According to data released by the National Bureau of Statistics of China on September 30, the China Manufacturing Purchasing Managers Index (PMI) was 49.8% in September 2019, up 0.3 percentage points from the previous month. This is especially for Chinese stainless steel tubing supplier and stainless steel pipe supplier, especially kaysuns. It’s a good news.

stainless steel tubings

Zhao Qinghe, senior statistician of the Service Industry Research Center of the National Bureau of Statistics, said that one of the characteristics of the manufacturing PMI in September was the expansion of production demand. The new order index was 50.5%, up 0.8 percentage points from the previous month, and rose to the expansion range for the first time since May. The production index was 52.3%, up 0.4 percentage points from the previous month. The manufacturing index of agricultural and sideline food processing, textile and apparel, special equipment and electrical machinery and equipment was at a higher economic range of 55.0%.

High-tech manufacturing has also continued to expand. In the same month, the high-tech manufacturing PMI was 51.3%, which was 1.5 percentage points higher than the manufacturing PMI. It was located in the 51.0% boom period for 8 consecutive months. Among them, pharmaceutical, electrical machinery and other manufacturing industries expanded rapidly. In terms of demand, the high-tech manufacturing new order index was 53.3%, up 0.9 percentage points from the previous month, and the market expectation is improving.

It is worth mentioning that the prosperity of large, medium and small enterprises has risen to varying degrees. In September, the PMI of large enterprises was 50.8%, which was 0.4 percentage points higher than that of the previous month. The PMI for small and medium-sized enterprises was 48.6% and 48.8%, up 0.4 and 0.2 percentage points respectively.

With a series of policy measures to support the development of the real economy, the expected index of manufacturing operations of manufacturing enterprises increased by 1.1 percentage points qoq to 54.4%, the third quarter high.

The data disclosed on the same day also showed that the comprehensive PMI output index was 53.1% in September, slightly higher than 0.1 percentage point in the previous month, indicating that the production and operation of Chinese enterprises were generally stable.

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