Core Viewpoint - The Purchasing Managers' Index (PMI) for China's manufacturing and non-manufacturing sectors showed signs of improvement in August, indicating a recovery in economic activity [1][2]. Manufacturing Sector Summary - The manufacturing PMI for August is reported at 49.4%, an increase of 0.1 percentage points from the previous month, reflecting an improvement in manufacturing sentiment [4]. - The production index for August stands at 50.8%, up by 0.3 percentage points, remaining above the critical point for four consecutive months, indicating accelerated production activities [4]. - Key industries such as high-tech manufacturing and equipment manufacturing saw their PMIs rise to 51.9% and 50.5%, respectively, with increases of 1.3 and 0.2 percentage points compared to the previous month, highlighting the strengthening of new growth drivers [4]. - Large enterprises continue to show expansion in their PMI, with an acceleration in the pace of growth, while small enterprises also experienced an improvement in their economic sentiment [4]. Non-Manufacturing Sector Summary - The non-manufacturing business activity index for August is at 50.3%, up by 0.2 percentage points from the previous month, indicating ongoing expansion in the non-manufacturing sector [5]. - The service industry business activity index reached 50.5%, an increase of 0.5 percentage points, marking the highest point of the year [5].
8月份中国制造业采购经理指数为49.4%
Yang Shi Wang·2025-08-31 16:10