【数据发布】2025年10月中国采购经理指数运行情况

Group 1: Manufacturing PMI Overview - In October, the Manufacturing Purchasing Managers' Index (PMI) was 49.0%, a decrease of 0.8 percentage points from the previous month, indicating a decline in manufacturing activity [1][3] - The PMI for large, medium, and small enterprises were 49.9%, 48.7%, and 47.1% respectively, all below the critical point [3] - The production index was 49.7%, down 2.2 percentage points, suggesting a slowdown in manufacturing production [4] - The new orders index was 48.8%, down 0.9 percentage points, indicating a decrease in market demand [5] - The raw materials inventory index was 47.3%, down 1.2 percentage points, showing a continued reduction in inventory levels [5] - The employment index was 48.3%, down 0.2 percentage points, reflecting a slight decline in employment conditions in manufacturing [5] - The supplier delivery time index was at 50.0%, indicating stable delivery times compared to the previous month [5] Group 2: Non-Manufacturing PMI Overview - In October, the Non-Manufacturing Business Activity Index was 50.1%, an increase of 0.1 percentage points, indicating expansion [7] - The construction industry business activity index was 49.1%, down 0.2 percentage points, while the service industry index was 50.2%, up 0.1 percentage points [9] - The new orders index for non-manufacturing was 46.0%, unchanged from the previous month, indicating weak market demand [12] - The input prices index was 49.4%, up 0.4 percentage points, suggesting a narrowing decline in input prices [12] - The sales prices index was 47.8%, up 0.5 percentage points, indicating that sales prices remained below the previous month [12] - The employment index for non-manufacturing was 45.2%, up 0.2 percentage points, showing slight improvement in employment conditions [12] - The business activity expectation index was 56.1%, up 0.4 percentage points, indicating optimism among non-manufacturing enterprises regarding market prospects [13] Group 3: Comprehensive PMI Overview - The Comprehensive PMI Output Index was 50.0% in October, a decrease of 0.6 percentage points, indicating overall stability in production and business activities [16]