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国家统计局发布9月重要数据
21世纪经济报道·2025-09-30 10:13

Core Viewpoint - The manufacturing Purchasing Managers' Index (PMI) in September rose to 49.8%, indicating a continued improvement in the manufacturing sector's economic conditions [1][4]. Group 1: Manufacturing PMI Overview - The manufacturing PMI increased by 0.4 percentage points from the previous month, reflecting a recovery in manufacturing activity [1][4]. - The production index reached 51.9%, up 1.1 percentage points, marking a six-month high, while the new orders index rose to 49.7%, indicating a slight improvement in market demand [1][5]. Group 2: Sector Performance - Key sectors such as equipment manufacturing, high-tech manufacturing, and consumer goods showed strong expansion, with PMIs of 51.9%, 51.6%, and 50.6% respectively, all above the manufacturing average [6]. - The consumer goods sector has returned above the threshold line, achieving its highest level this year [2][6]. Group 3: Employment and Inventory Trends - The employment index improved to 48.5%, indicating a better employment situation in manufacturing, while the raw materials inventory index rose to 48.5%, suggesting a slowdown in inventory reduction [4][7]. - The production expectations index increased by 0.4 percentage points to 54.1%, showing a positive outlook among manufacturers for upcoming market conditions [7]. Group 4: Price Dynamics - The purchasing price index for raw materials was at 53.2%, indicating a slight decrease but still in the expansion zone, while the factory price index fell to 48.2%, suggesting a contraction in output prices [6]. - The gap between raw material purchasing prices and factory prices widened to 5.0 percentage points, indicating a shrinking profit margin for manufacturers [6].