国家统计局解读2025年12月中国采购经理指数

Group 1: Manufacturing PMI Insights - The manufacturing PMI for December is 50.1%, marking the first time it has risen above the expansion threshold since April [2] - Among the 21 surveyed industries, 16 reported an increase in PMI compared to the previous month, indicating improved production and operational conditions [2] - The production index and new orders index are at 51.7% and 50.8%, respectively, both showing significant increases of 1.7 and 1.6 percentage points from last month [2] - Large enterprises' PMI has returned to the expansion zone at 50.8%, while medium and small enterprises show mixed results with PMIs of 49.8% and 48.6% respectively [2][3] Group 2: Sector-Specific Performance - High-tech manufacturing PMI is at 52.5%, reflecting a positive growth trend, while equipment manufacturing and consumer goods sectors also show PMIs of 50.4% [3] - The service sector's business activity index is at 50.2%, indicating an improvement in non-manufacturing sector conditions [4] - The construction sector's business activity index has significantly improved to 52.8%, driven by favorable weather conditions and increased construction activity ahead of the holidays [4] Group 3: Overall Economic Outlook - The comprehensive PMI output index stands at 50.7%, indicating overall expansion in production and business activities compared to the previous month [5] - The production and non-manufacturing business activity indices contributing to the comprehensive PMI are 51.7% and 50.2%, respectively [5] - The business activity expectation index for the service sector is at 56.4%, suggesting increased confidence among service sector enterprises regarding future market developments [4]