行业景气观察：3月制造业PMI环比上行，2月主要企业工程机械销售普遍改善

Group 1 - The manufacturing PMI for March increased to 50.5%, up 0.3 percentage points month-on-month, driven by a recovery in both supply and demand [12][25] - The non-manufacturing PMI recorded 50.8%, up 0.4 percentage points month-on-month, although it showed a downward trend over three months [12][25] - New orders index rose to 51.8%, up 0.7 percentage points month-on-month, indicating a recovery in demand, particularly in TMT and general/specialized equipment sectors [14][21] Group 2 - In the information technology sector, the Philadelphia Semiconductor Index decreased by 8.13% to 4282.46 points, while the DXI Index increased by 4.21% to 55171.39 points [29][30] - DDR5 DRAM prices increased by 2.32% to $5.33, with 8GB DDR4 DRAM prices rising by 5.45% to $1.65 [31] Group 3 - In the midstream manufacturing sector, sales of major engineering machinery improved year-on-year in February, while heavy truck sales turned negative in March [25][28] - The solar power installation capacity in February showed a rolling year-on-year increase, indicating growth in the renewable energy sector [28] Group 4 - In the consumer demand sector, the sales of home appliances showed a month-on-month increase, while the prices of live pigs and sugar rose [25][28] - The film box office revenue saw a decline in the ten-day average, although it increased year-on-year since the beginning of the year [28] Group 5 - In the resource sector, the national cement price index increased, while the prices of rebar and steel billets decreased [28] - Brent crude oil prices rose by 5.18%, indicating upward pressure on energy costs [28] Group 6 - In the financial real estate sector, the land transaction premium rate and the transaction area of commercial housing increased, while the index for second-hand housing listings decreased [28] - The SHIBOR rates for 1-week and 2-week periods decreased, indicating a tightening in the money market [28] Group 7 - The public utility sector saw an increase in natural gas prices, while the average daily power generation of key power plants showed a widening year-on-year decline [28]