国家统计局服务业调查中心首席统计师霍丽慧解读2025年10月中国采购经理指数

Group 1: Manufacturing PMI Insights - In October, the Manufacturing Purchasing Managers' Index (PMI) decreased to 49.0%, down 0.8 percentage points from the previous month, indicating a slowdown in manufacturing activity [2][3] - The production index and new orders index were reported at 49.7% and 48.8%, respectively, reflecting declines of 2.2 and 0.9 percentage points, suggesting weakened production and market demand [3] - Large enterprises maintained a PMI above the critical point, with large, medium, and small enterprises reporting PMIs of 49.9%, 48.7%, and 47.1%, respectively, indicating varying levels of economic activity [3] Group 2: Non-Manufacturing PMI Insights - The Non-Manufacturing Business Activity Index rose to 50.1%, an increase of 0.1 percentage points, indicating a slight expansion in the non-manufacturing sector [5] - The service sector's business activity index reached 50.2%, with significant growth in sectors closely related to consumer travel, such as rail and air transport, which exceeded 60.0% [5] - The construction sector's business activity index fell to 49.1%, down 0.2 percentage points, indicating a slight decline in construction activity, although the business activity expectation index improved to 56.0% [5] Group 3: Composite PMI Insights - The Composite PMI Output Index stood at 50.0%, indicating overall stability in production and business activities across sectors [7] - The manufacturing production index and non-manufacturing business activity index contributed to the composite index, reported at 49.7% and 50.1%, respectively [7]