The manufacturing PMI of the China Bureau of Statistics fell to 49.2 in October, staying in the contraction range for two consecutive months

Manufacturing supply and demand continue to slow down, and the prospective of high-energy-consuming industries is uncertain; the import and export index rebounded, but it is still significantly below the line of prosperity and decline. The trend remains uncertain; the price index continues to rise at a high level, and the PMI of small and medium-sized enterprises continues to stay in the contraction range.

Affected by the still tight power supply and the high prices of some raw materials, China’s Manufacturing Purchasing Managers’ Index (PMI) continued to decline in October, staying in the contraction range for two consecutive months; despite the coming “Eleventh” Golden Week , due to transportation and the weaker industry , compared with previous years and other reasons, the prospective of service industry is still uncertain.

According to data released by the National Bureau of Statistics on October 31, the manufacturing PMI recorded 49.2 in October, 0.4 percentage points lower than that in September, and was below the prosperity and decline line for two consecutive months; the non-manufacturing PMI recorded 52.4, compared with September Declined by 0.8 percentage points, still in the expansion range. Both manufacturing and non-manufacturing PMIs fell, dragging down the composite PMI output index to 50.8, 0.9 percentage points lower than in September, indicating that the expansion of business activities has slowed overall.