4月PMI数据点评：价格出现上行趋势

Orders and Production - New orders decreased by 1.9 percentage points, with new export orders down by 0.7 percentage points and backlogged orders down by 2.0 percentage points[1] - Purchasing volume fell by 2.2 percentage points, while raw material imports decreased by 2.3 percentage points[1] - The production index rose by 0.7 percentage points to 52.9%, marking two consecutive months of increase[1] Price Trends - The purchasing price index increased by 3.5 percentage points to 54.0%, while the factory price index rose by 1.7 percentage points to 49.1%[1] - The proportion of companies reporting high raw material costs rose to 46.0%, an increase of 4.2 percentage points from the previous month[1] PMI Overview - The manufacturing PMI index stood at 50.4%, a decrease of 0.4 percentage points from March, but still above the neutral line[1] - The new orders index was at 51.1%, down 1.9 percentage points from March, while the new export orders index fell to 50.6%[1] Employment and Inventory - The employment index decreased by 0.1 percentage points to 48.0%, indicating a slight contraction in workforce[1] - The finished goods inventory index dropped by 1.6 percentage points to 47.3%, suggesting a reduction in stock levels[1]