向好基础继续巩固 8月中国制造业采购经理指数为49.4%

Core Insights - The manufacturing Purchasing Managers' Index (PMI) in China for August is reported at 49.4%, showing a slight increase of 0.1 percentage points from the previous month, indicating a stabilization in market demand and production activities [1] - The production index for August stands at 50.8%, up by 0.3 percentage points, reflecting a release in production willingness among enterprises [1] - The price index has shown a notable increase, with raw material purchase prices rising for three consecutive months, indicating a trend towards price expansion [1] Manufacturing Sector - The manufacturing PMI indicates a slight recovery in market demand, with the production index reflecting stable expansion in production activities [1] - Large enterprises continue to show stable expansion, with their PMI at 50.8%, up by 0.5 percentage points, indicating robust supply and demand dynamics [1] - The manufacturing production and business activity expectation index is at 53.7%, an increase of 1.1 percentage points, suggesting improved market confidence [1] Sub-Sectors - The equipment manufacturing PMI is reported at 50.5%, an increase of 0.2 percentage points from the previous month [2] - The high-tech manufacturing PMI stands at 51.9%, up by 1.3 percentage points, with both production and new order indices rising to around 54%, indicating strong performance in this sector [2]