【新华解读】三大指数均有回升 经济景气水平总体保持扩张——透视8月份PMI数据

Group 1 - In August, the manufacturing PMI, non-manufacturing business activity index, and comprehensive PMI output index were 49.4%, 50.3%, and 50.5%, respectively, indicating a slight recovery in economic sentiment [1] - The production index for manufacturing was 50.8%, up 0.3 percentage points from the previous month, marking an acceleration in manufacturing production expansion [2] - The new orders index for manufacturing was 49.5%, showing a 0.1 percentage point increase from last month, with certain sectors like pharmaceuticals and electronics performing significantly better than the overall manufacturing sector [2] Group 2 - The high-tech manufacturing PMI and equipment manufacturing PMI were 51.9% and 50.5%, respectively, both showing increases from the previous month, indicating sustained support and leadership in these sectors [3] - The production and business activity expectation index was 53.7%, up 1.1 percentage points from last month, reflecting increased confidence among manufacturing enterprises regarding future market conditions [3] Group 3 - The non-manufacturing business activity index was 50.3%, with the new orders index rising to 46.6%, indicating a stabilization in supply and demand [4] - The service sector's business activity index reached 50.5%, the highest point of the year, with sectors like capital market services showing particularly strong growth [5] - The construction sector's business activity index fell to 49.1% due to adverse weather conditions, but the business activity expectation index remained slightly above 50 at 51.7% [5]