非制造业PMI

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非农就业数据坚挺,非制造业PMI强于预期,亚欧盘黄金表现强劲,美盘是否存在变数?立即观看超V推荐官Jason的讲解,直播间可领取超V9.9元体验包>>>
news flash· 2025-05-06 13:03
非农就业数据坚挺,非制造业PMI强于预期,亚欧盘黄金表现强劲,美盘是否存在变数?立即观看超V 推荐官Jason的讲解,直播间可领取超V9.9元体验包>>> 相关链接 ...
中采PMI|外贸压力进入验证期(2025年4月)
中信证券研究· 2025-05-05 07:59
Core Viewpoint - The manufacturing PMI in April 2025 has declined compared to the previous month and the past five-year average, indicating a weakening manufacturing sector under external pressures, particularly from trade tensions with the US [1][3][4] Manufacturing PMI Analysis - The manufacturing PMI for April 2025 is reported at 49.0%, down 1.5 percentage points from the previous month and 1.3 percentage points lower than the five-year average, reflecting a decrease in manufacturing activity due to external trade pressures [2][3] - The production index within the manufacturing PMI is at 49.8%, which is 2.4 percentage points lower than the five-year average, indicating a decline in production levels [4] - The new export orders index is at 44.7%, significantly lower than the five-year average by 4.8 percentage points, primarily due to reduced exports to the US [4][5] Sector Performance - Among 15 major manufacturing sectors, only 5 have PMIs above the threshold, with 4 sectors showing a month-on-month increase, including non-ferrous metal smelting and processing, which rose by 9.1 percentage points [5] - The gap between PMIs of large, medium, and small enterprises is narrowing, with large enterprises experiencing a more significant decline [5] Non-Manufacturing PMI Insights - The non-manufacturing PMI for April 2025 is at 50.4%, which is 3.6 percentage points lower than the five-year average, indicating weaker domestic demand [6] - The service sector PMI is at 50.1%, and the construction sector PMI is at 51.9%, both reflecting a decline compared to historical averages [6] Policy Response - The Central Political Bureau meeting in April outlined measures to stabilize the economy, including accelerating existing policy implementation, introducing new policies, and preparing contingency plans [7] - Specific actions include expediting the issuance of local government bonds and establishing new financial tools to support infrastructure and industrial investments [7] Market Outlook - Economic fundamentals are expected to support the bond market, with anticipated monetary easing leading to a potential decline in interest rates for medium and long-term bonds [8]
周一(5月5日)重点关注财经事件和经济数据
news flash· 2025-05-04 23:02
Group 1 - Key Point 1: Focus on key financial events and economic data on May 5 [1] - Key Point 2: Swiss CPI month-on-month for April at 14:30 [1] - Key Point 3: Eurozone Sentix investor confidence index for May at 16:30 [1] Group 2 - Key Point 1: US April S&P Global Services PMI final value at 21:45 [1] - Key Point 2: US April ISM Non-Manufacturing PMI at 22:00 [1]
提醒:北京时间09:30,中国发布4月官方制造业、非制造业、综合PMI。
news flash· 2025-04-30 01:28
提醒:北京时间09:30,中国发布4月官方制造业、非制造业、综合PMI。 ...