Core Insights - In April 2025, the national industrial producer's ex-factory prices decreased by 2.7% year-on-year and 0.4% month-on-month, while the purchase prices decreased by 2.7% year-on-year and 0.6% month-on-month [1][4][6] - The average decline in ex-factory and purchase prices from January to April 2025 was 2.4% compared to the same period last year [1][7] Group 1: Year-on-Year Changes - In April, the prices of production materials fell by 3.1%, contributing approximately 2.28 percentage points to the overall decline in ex-factory prices [3][6] - The mining industry saw a significant price drop of 9.4%, while raw materials and processing industries experienced declines of 3.6% and 2.3%, respectively [3][7] - Consumer goods prices decreased by 1.6%, with food prices down by 1.4% and durable goods prices down by 3.7% [3][7] Group 2: Month-on-Month Changes - In April, production material prices decreased by 0.5%, impacting the overall ex-factory price level by approximately 0.37 percentage points [6][9] - The mining sector's prices fell by 2.1%, while raw materials and processing industries saw declines of 1.0% and 0.2%, respectively [6][9] - Consumer goods prices decreased by 0.2%, with food prices down by 0.1% and durable goods prices down by 0.7% [6][9] Group 3: Purchase Price Trends - In April, the purchase prices for fuel and power decreased by 7.7%, while black metal materials and chemical raw materials saw declines of 6.7% and 4.1%, respectively [9][10] - Prices for agricultural products and textile raw materials fell by 2.9% and 2.3%, respectively, while prices for non-ferrous metal materials and wires increased by 8.5% [9][10]

Core Points - In April 2025, the national consumer price index (CPI) decreased by 0.1% year-on-year, with urban prices remaining stable and rural prices declining by 0.3% [1] - The average CPI from January to April 2025 also showed a year-on-year decrease of 0.1% [1] Price Changes Year-on-Year - In April, food and tobacco prices increased by 0.3%, contributing approximately 0.07 percentage points to the CPI [3] - Fresh fruit prices rose by 5.2%, impacting the CPI by about 0.11 percentage points, while fresh vegetable prices fell by 5.0%, reducing the CPI by approximately 0.10 percentage points [3] - Among the eight major categories, seven saw price increases, with other goods and services, clothing, and education and cultural entertainment rising by 6.6%, 1.3%, and 0.7% respectively [3] Price Changes Month-on-Month - In April, food and tobacco prices increased by 0.2% month-on-month, contributing about 0.05 percentage points to the CPI [5] - Fresh fruit prices rose by 2.2%, impacting the CPI by approximately 0.05 percentage points, while fresh vegetable prices decreased by 1.8%, reducing the CPI by about 0.04 percentage points [5] - Other categories showed mixed results, with other goods and services, education and cultural entertainment, and healthcare prices increasing by 2.4%, 0.4%, and 0.2% respectively [5] Detailed Price Movements - The CPI for food and tobacco increased by 0.2% month-on-month and 0.3% year-on-year, while grain prices fell by 1.4% year-on-year [7] - Pork prices increased by 5.0% year-on-year, while beef prices decreased by 4.9% [7] - Transportation and communication prices decreased by 3.9% year-on-year, indicating a significant decline in this category [7] Statistical Overview - The CPI is a measure of the price level of a basket of consumer goods and services, reflecting changes in the cost of living [9] - The statistical survey covers a wide range of categories, including food, clothing, housing, and healthcare, among others [10]

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories indicates a mixed trend, with 20 products experiencing price increases, 25 seeing declines, and 5 remaining stable from mid-April to late April 2025 [2][3]. Price Changes Summary 1. Black Metals - Rebar (Φ20mm, HRB400E) increased by 27.5 CNY to 3193.3 CNY per ton, a rise of 0.9% - Wire rod (Φ8-10mm, HPB300) rose by 33.3 CNY to 3358.3 CNY per ton, an increase of 1.0% - Ordinary medium plate (20mm, Q235) increased by 17.5 CNY to 3548.8 CNY per ton, a rise of 0.5% - Hot-rolled ordinary plate (4.75-11.5mm, Q235) saw a slight increase of 3.0 CNY to 3310.2 CNY per ton, a rise of 0.1% - Seamless steel pipe (219*6, 20) decreased by 12.0 CNY to 4143.6 CNY per ton, a decline of 0.3% - Angle steel (5) fell by 18.3 CNY to 3503.7 CNY per ton, a decrease of 0.5% [4]. 2. Nonferrous Metals - Electrolytic copper (1) increased by 1826.5 CNY to 77680.7 CNY per ton, a rise of 2.4% - Aluminum ingot (A00) rose by 234.6 CNY to 19952.9 CNY per ton, an increase of 1.2% - Lead ingot (1) increased by 87.5 CNY to 16800.0 CNY per ton, a rise of 0.5% - Zinc ingot (0) rose by 222.9 CNY to 22862.9 CNY per ton, an increase of 1.0% [4]. 3. Chemical Products - Sulfuric acid (98%) decreased by 24.6 CNY to 661.4 CNY per ton, a decline of 3.6% - Caustic soda (liquid, 32%) increased by 8.6 CNY to 867.1 CNY per ton, a rise of 1.0% - Methanol (first grade) saw a slight decrease of 1.4 CNY to 2393.8 CNY per ton, a decline of 0.1% - Pure benzene (industrial grade) decreased by 188.0 CNY to 6092.0 CNY per ton, a decline of 3.0% - Styrene (first grade) fell by 169.6 CNY to 7416.0 CNY per ton, a decline of 2.2% [4]. 4. Energy Products - Liquefied natural gas (LNG) decreased by 21.2 CNY to 4460.4 CNY per ton, a decline of 0.5% - Liquefied petroleum gas (LPG) fell by 108.0 CNY to 4924.0 CNY per ton, a decline of 2.1% - Gasoline (95 National VI) decreased by 83.0 CNY to 8540.8 CNY per ton, a decline of 1.0% - Diesel (0 National VI) fell by 79.0 CNY to 7018.2 CNY per ton, a decline of 1.1% [4]. 5. Coal - Anthracite (washed lump) increased by 27.5 CNY to 960.0 CNY per ton, a rise of 2.9% - Ordinary mixed coal (4500 kcal) decreased by 5.4 CNY to 520.6 CNY per ton, a decline of 1.0% - Shanxi large mixed coal (5000 kcal) fell by 9.4 CNY to 588.6 CNY per ton, a decline of 1.6% [4]. 6. Agricultural Products - Rice (glutinous) increased by 12.7 CNY to 3938.0 CNY per ton, a rise of 0.3% - Wheat (national standard grade three) rose by 17.8 CNY to 2405.8 CNY per ton, an increase of 0.7% - Corn (yellow corn grade two) increased by 19.6 CNY to 2215.3 CNY per ton, a rise of 0.9% - Soybeans (yellow soybeans) rose by 54.0 CNY to 4242.4 CNY per ton, an increase of 1.3% [5].

Group 1: Scale and Distribution of Migrant Workers - The total number of migrant workers in China reached 29,973 million in 2024, an increase of 2.2 million or 0.7% from the previous year [1] - Among migrant workers, local workers accounted for 12,102 million, increasing by 70,000 or 0.1%, while external migrant workers totaled 17,871 million, rising by 213,000 or 1.2% [1] - The number of migrant workers living in urban areas at the end of the year was 13,207 million [1] Group 2: Regional Distribution and Flow - In 2024, 6,840 million external migrant workers moved across provinces, representing 38.3% of the total, while 11,031 million remained within their provinces, accounting for 61.7% [2] - The eastern region had 4,893 million external migrant workers, with 13.4% moving across provinces, while the central region had 6,515 million, with 51.8% moving across provinces [7] Group 3: Characteristics of Migrant Workers - The proportion of female migrant workers increased to 37.6%, with local female workers at 44.2% and external female workers at 31.7% [10] - The average age of migrant workers rose to 43.2 years, with local workers averaging 46.8 years and external workers averaging 39.0 years [11] - The percentage of migrant workers with a college degree or higher increased to 16.0% [13] Group 4: Employment Status of Migrant Workers - The share of migrant workers employed in the tertiary sector rose to 54.6%, while those in the secondary sector decreased to 44.7% [15] - The average monthly income for migrant workers was 4,961 yuan, an increase of 181 yuan or 3.8% from the previous year [17] - Monthly income varied by region, with eastern region workers earning an average of 5,368 yuan, while those in the northeast earned 4,164 yuan [17] Group 5: Living Conditions of Migrant Workers - The average living space for migrant workers in urban areas increased to 24.7 square meters, up by 0.7 square meters from the previous year [20] - The enrollment rate for migrant children aged 3-5 reached 94.5%, an increase of 3.6 percentage points [21] - The leisure activities of migrant workers included internet use (53.3%) and social gatherings (34.9%), with increases in participation from the previous year [22]

4月份制造业采购经理指数有所回落 （四）预期指数保持扩张。生产经营活动预期指数为52.1%，继续位于扩张区间。部分行业企业对近期 发展信心较强，其中食品及酒饮料精制茶、汽车、铁路船舶航空航天设备等行业生产经营活动预期指数 均位于58.0%及以上较高景气区间。 非制造业商务活动指数继续保持扩张 ——国家统计局服务业调查中心高级统计师赵庆河解读2025年4月中国采购经理指数 2025年4月30日国家统计局服务业调查中心和中国物流与采购联合会发布了中国采购经理指数。对此， 国家统计局服务业调查中心高级统计师赵庆河进行了解读。 4月份，制造业采购经理指数为49.0%，比上月下降1.5个百分点；非制造业商务活动指数和综合PMI产 出指数分别为50.4%和50.2%，继续保持在扩张区间。 一、制造业采购经理指数有所回落 4月份，受前期制造业较快增长形成较高基数叠加外部环境急剧变化等因素影响，制造业PMI为49.0%， 回落至临界点以下。 （一）产需两端均有放缓。生产指数和新订单指数分别为49.8%和49.2%，比上月下降2.8和2.6个百分 点，制造业生产和市场需求均有所回落。从行业看，农副食品加工、食品及酒饮料精制茶、 ...

一、中国制造业采购经理指数运行情况 4月份，制造业采购经理指数（PMI）为49.0%，比上月下降1.5个百分点，制造业景气水平有所回落。 从企业规模看，大、中、小型企业PMI分别为49.2%、48.8%和48.7%，比上月下降2.0、1.1和0.9个百分点，均低于临界点。 从分类指数看，在构成制造业PMI的5个分类指数中，供应商配送时间指数高于临界点，生产指数、新订单指数、原材料库存指数和从业人员指数均低于临 界点。 生产指数为49.8%，比上月下降2.8个百分点，表明制造业企业生产略有放缓。 新订单指数为49.2%，比上月下降2.6个百分点，表明制造业市场需求有所回落。 原材料库存指数为47.0%，比上月下降0.2个百分点，表明制造业主要原材料库存量较上月下降。 从业人员指数为47.9%，比上月下降0.3个百分点，表明制造业企业用工景气度有所回落。 供应商配送时间指数为50.2%，比上月下降0.1个百分点，仍高于临界点，表明制造业原材料供应商交货时间继续加快。 二、中国非制造业采购经理指数运行情况 4月份，非制造业商务活动指数为50.4%，比上月下降0.4个百分点，仍高于临界点，非制造业继续保持扩张。 分行 ...

(二)高技术制造业持续向好。从重点行业看，高技术制造业PMI为51.5%，明显高于制造业总体水平， 其生产指数和新订单指数均位于52.0%及以上，高技术制造业延续较好发展态势。装备制造业、消费品 行业和高耗能行业PMI分别为49.6%、49.4%和47.7%，比上月下降2.4、0.6和1.6个百分点，景气水平不 同程度回落。 (三)价格指数有所下降。受市场需求不足和近期部分大宗商品价格持续下行等因素影响，主要原材料购 进价格指数和出厂价格指数分别为47.0%和44.8%，比上月下降2.8和3.1个百分点，制造业市场价格总体 水平有所下降。 4月份制造业采购经理指数有所回落 非制造业商务活动指数继续保持扩张 ——国家统计局服务业调查中心高级统计师赵庆河解读2025年4月中国采购经理指数 2025年4月30日国家统计局服务业调查中心和中国物流与采购联合会发布了中国采购经理指数。对此， 国家统计局服务业调查中心高级统计师赵庆河进行了解读。 4月份，制造业采购经理指数为49.0%，比上月下降1.5个百分点；非制造业商务活动指数和综合PMI产 出指数分别为50.4%和50.2%，继续保持在扩张区间。 一、制造业采购经理 ...

国家统计局服务业调查中心 中国物流与采购联合会 一、中国制造业采购经理指数运行情况 4月份，制造业采购经理指数（PMI）为49.0%，比上月下降1.5个百分点，制造业景气水平有所回落。 从企业规模看，大、中、小型企业PMI分别为49.2%、48.8%和48.7%，比上月下降2.0、1.1和0.9个百分点，均低于临界点。 从分类指数看，在构成制造业PMI的5个分类指数中，供应商配送时间指数高于临界点，生产指数、新订单指数、原材料库存指数和从业人员指数均低于临 界点。 生产指数为49.8%，比上月下降2.8个百分点，表明制造业企业生产略有放缓。 新订单指数为49.2%，比上月下降2.6个百分点，表明制造业市场需求有所回落。 原材料库存指数为47.0%，比上月下降0.2个百分点，表明制造业主要原材料库存量较上月下降。 从业人员指数为47.9%，比上月下降0.3个百分点，表明制造业企业用工景气度有所回落。 | | | | | | | | | 单位：% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 新出口 | 进口 | 采购量 | 主要原材 ...

Core Insights - The cultural enterprises in China achieved a total operating income of 33,939 billion yuan in Q1 2025, representing a year-on-year growth of 6.2% [1][3] - The 16 sub-industries characterized by new cultural business models generated an income of 14,846 billion yuan, growing by 12.5%, which is 6.3 percentage points higher than the overall growth rate of cultural enterprises [1][3] By Industry Type - Cultural manufacturing achieved an operating income of 9,417 billion yuan, with a year-on-year growth of 1.6% [2][3] - Cultural wholesale and retail generated 5,953 billion yuan, growing by 3.3% [2][3] - Cultural services reached 18,569 billion yuan, with a growth rate of 9.7% [2][3] By Field - The core cultural sectors generated 23,120 billion yuan, reflecting a growth of 7.1% year-on-year [2][3] - Related cultural sectors achieved 10,819 billion yuan, with a growth of 4.2% [2][3] By Industry Category - News information services reported an income of 4,716 billion yuan, growing by 10.5% [2][3] - Content creation and production reached 7,763 billion yuan, with a growth of 7.5% [2][3] - Creative design services generated 5,918 billion yuan, growing by 8.6% [2][3] - Cultural investment operations saw a slight decline, with an income of 110 million yuan, down by 0.2% [2][3] By Region - The eastern region achieved an operating income of 27,151 billion yuan, growing by 6.3% [2][3] - The central region reported 3,739 billion yuan, with a growth of 4.1% [2][3] - The western region generated 2,725 billion yuan, growing by 8.0% [2][3] - The northeastern region achieved 325 million yuan, with a growth of 5.8% [2][3] Profit and Assets - Cultural enterprises reported a total profit of 2,744 billion yuan, reflecting a significant year-on-year increase of 29.1% [2][3] - The operating income margin was 8.09%, an increase of 1.43 percentage points compared to the previous year [2][3] - Total assets at the end of the quarter amounted to 213,346 billion yuan, growing by 6.6% year-on-year [2][3]

Summary of Key Points Core Viewpoint - In the first quarter, the total profit of industrial enterprises above designated size in China reached 150.936 billion yuan, showing a year-on-year growth of 0.8% [1]. Group 1: Overall Profit Performance - State-owned enterprises achieved a total profit of 55.995 billion yuan, a year-on-year decrease of 1.4% [1]. - Joint-stock enterprises reported a total profit of 111.015 billion yuan, with a slight increase of 0.1% [1]. - Foreign and Hong Kong, Macao, and Taiwan-invested enterprises made a total profit of 38.835 billion yuan, growing by 2.8% [1]. - Private enterprises recorded a total profit of 37.097 billion yuan, down by 0.3% [1]. Group 2: Sector-Specific Profit Trends - The mining industry saw a total profit of 22.044 billion yuan, a significant decline of 25.5% [1]. - The manufacturing sector achieved a total profit of 108.264 billion yuan, reflecting a growth of 7.6% [1]. - The electricity, heat, gas, and water production and supply industry reported a total profit of 20.628 billion yuan, increasing by 5.4% [1]. Group 3: Major Industry Profit Changes - The agricultural and sideline food processing industry experienced a profit increase of 40.3% [2]. - The non-ferrous metal smelting and rolling processing industry grew by 33.6% [2]. - The specialized equipment manufacturing industry saw a profit rise of 14.2% [2]. - The general equipment manufacturing industry increased by 9.5% [2]. - The electrical machinery and equipment manufacturing industry grew by 7.5% [2]. - The textile industry reported a profit increase of 7.1% [2]. - The electricity and heat production and supply industry grew by 6.1% [2]. - The computer, communication, and other electronic equipment manufacturing industry increased by 3.2% [2]. - The chemical raw materials and chemical products manufacturing industry saw a slight decline of 0.4% [2]. - The oil and natural gas extraction industry decreased by 3.1% [2]. - The automobile manufacturing industry experienced a decline of 6.2% [2]. - The non-metallic mineral products industry fell by 14.2% [2]. - The coal mining and washing industry saw a significant drop of 47.7% [2]. - The petroleum, coal, and other fuel processing industry reported a reduction in losses year-on-year [2]. - The black metal smelting and rolling processing industry turned from loss to profit [2].