经济景气水平继续保持扩张

Group 1 - The manufacturing Purchasing Managers' Index (PMI) rose to 49.4% in August, indicating a slight improvement in manufacturing sentiment, up 0.1 percentage points from the previous month [2][6] - The production index reached 50.8%, marking a 0.3 percentage point increase, and has remained above the critical point for four consecutive months, suggesting accelerated manufacturing production [2][6] - The new orders index was at 49.5%, also showing a 0.1 percentage point increase, with notable performance in the pharmaceutical and computer communication sectors [2][6] Group 2 - The non-manufacturing business activity index increased to 50.3%, up 0.2 percentage points, indicating continued expansion in the non-manufacturing sector [4][5] - The service sector business activity index reached a year-high of 50.5%, rising 0.5 percentage points, with strong growth in capital market services and transportation sectors [4][5] - The business activity expectation index for the service sector was at 57.0%, reflecting optimistic market expectations among service enterprises [4][5] Group 3 - The comprehensive PMI output index rose to 50.5%, indicating overall expansion in enterprise production and operational activities, with manufacturing and non-manufacturing indices at 50.8% and 50.3% respectively [6][7] - The market price index has shown an upward trend due to increased raw material procurement and stabilized market demand, alongside the effects of policies addressing "involution" competition [3][7] - The overall sentiment in the non-manufacturing sector remains stable, with expectations for continued growth driven by policy support and market self-recovery [5][7]