The hottest PMI index of China's manufacturing ind

In April, China's manufacturing PMI index rebounded and the contradiction between supply and demand eased

in April, China's manufacturing PMI index rebounded. In the sub index, the new order index was 51.2%, up 0.6 percentage points from March. Market demand has warmed up and the contradiction between supply and demand has eased. According to the China Manufacturing Purchasing Managers' index released by the service industry survey center of the National Bureau of statistics and the China Federation of logistics and purchasing, China's Manufacturing Purchasing Managers' index (PMI) was 50.4% in April, up 0.1 percentage points from March, rising for two consecutive months. China's manufacturing industry continues to maintain steady growth

manufacturing PMI continued to rise slightly. In April, China's manufacturing PMI index rebounded. In the sub index, the new order index was 51.2%, up 0.6 percentage points from March. Market demand has warmed up, reflecting that the economic operation is stable and rising, and the growth trend tends to consolidate

since this year, China's manufacturing production index has always maintained a slight fluctuation between 52.5% and 53.0%. In April, the manufacturing production index fell slightly by 0.2 percentage points compared with March, but it is still at a relatively high level. At the same time, whether the water level in the humidification boiler of the manufacturing industry in April is normal, and the difference between the new order index and the production index is the lowest in nearly seven months, and the contradiction between supply and demand has been alleviated

according to the analysis, enterprises tend to actively stock goods, and their purchasing activities are more active. The purchase volume index and raw material inventory index have increased slightly for two consecutive months, and the trend of the real economy is basically stable. Among the surveyed enterprises, 50.7% reported that the current production situation was basically stable, with the proportion increased by 11.5 percentage points compared with March, indicating that the enterprise's expectations for the future market are stabilizing

since June 2012, the new export order index of manufacturing industry has been lower than the new order index, and the average value of the difference between the two is 1.9 percentage points. In April, the difference between the new export order index and the new order index expanded to 2.1 percentage points, indicating that the dependence of the manufacturing economy on external demand has decreased, and the domestic market demand has gradually become the main driving force driving the economic growth of the manufacturing industry

the downside risk of economic growth remains. In April, although China's manufacturing PMI continued to rebound, the rebound momentum is still weak, and the foundation for the rebound of manufacturing enterprises is not stable, especially the trend of the new export order index of manufacturing industry is weak. In March this year, the new export order index rose above the critical point, and fell below the critical point again in April. The export situation of the manufacturing industry needs further observation

at the same time, the HSBC China manufacturing PMI shows that China's domestic demand has increased moderately and the deflationary pressure has eased. However, the sub index of new export orders and employment shows that the downside risk of economic growth is still obvious. In April, the HSBC China manufacturing PMI preview index must understand the characteristics of this material for the first time in six months, which indicates that China's manufacturing activity is expanding, but the expansion speed is significantly slower than that in March, and exports are particularly weak. Recently, the growth rate of some emerging economies has slowed down, which has affected the recovery process of the global economy and has a certain impact on China's exports. There have been some fluctuations in manufacturing exports

however, the effect of policies and measures to stabilize growth in China is emerging, market demand is improving, and the driving force of economic growth tends to consolidate. However, the foundation for steady growth still needs to be further consolidated

from the macro level, China's investment demand is weak, and the export has great uncertainty. The new export order index fell again in April, indicating that it is difficult for exports to have a strong performance in the second quarter. From the micro level, the problems highlighted by enterprises are high financing costs and tight funds. Experts suggested that investment projects should be released in a reasonable and orderly manner to further consolidate the foundation of economic growth based on the principle of overall arrangement and small steps. At the same time, we should start from the following aspects: the Department of life sciences, medical and Crop Sciences showed a rising trend in the third quarter of Canada, and the rapid reform should be loosened for enterprises, accelerate the development of multi-level capital markets, strengthen financial support for the real economy, implement preferential tax policies to reduce the burden on enterprises, and guide enterprises to accelerate the transformation of business models, so as to help enterprises improve their production and operation conditions and enhance economic benefits. Source: China industry news