记者丨冉黎黎 编辑丨王峰 8月31日，国家统计局发布2025年8月中国采购经理指数运行情况，其中显示，8月份，制造业 采购经理指数（PMI）为49.4%，比上月上升0.1个百分点。 制造业PMI指数（经季节调整） 国家统计局/图 国家统计局服务业调查中心高级统计师赵庆河解读称，8月份，制造业PMI升至49.4%，景气 水平较上月有所改善。其中，产需指数均有回升。生产指数为50.8%，比上月上升0.3个百分 点，连续4个月位于临界点以上，制造业生产扩张加快；新订单指数为49.5%，比上月上升0.1 个百分点。 产需指数均有回升 8月份，制造业采购经理指数（PMI）为49.4%，比上月上升0.1个百分点，制造业景气水平有 所改善。 从分类指数看，在构成制造业PMI的5个分类指数中，生产指数和供应商配送时间指数均高于 临界点，新订单指数、原材料库存指数和从业人员指数低于临界点。 其中，产需指数均有回升。生产指数为50.8%，比上月上升0.3个百分点，表明制造业生产扩 张加快。新订单指数为49.5%，比上月上升0.1个百分点，表明制造业市场需求景气水平略有 改善。 中国民生银行首席经济学家温彬对21世纪经济报道记者表 ...

Summary of Key Points Core Viewpoint - In August, China's manufacturing sector showed slight improvement in economic sentiment, while non-manufacturing activities accelerated expansion, indicating a general trend of economic growth [1][2]. Manufacturing Sector - The Manufacturing Purchasing Managers' Index (PMI) rose to 49.4%, an increase of 0.1 percentage points from the previous month, indicating a slight improvement in manufacturing sentiment [3][5]. - The production index and new orders index both showed recovery, with the production index at 50.8%, up 0.3 percentage points, suggesting accelerated manufacturing production [5][7]. - The new orders index improved to 49.5%, reflecting a slight enhancement in market demand [5][6]. - Large enterprises reported a PMI of 50.8%, while medium and small enterprises had PMIs of 48.9% and 46.6%, respectively, indicating varying levels of economic activity across different enterprise sizes [5]. Non-Manufacturing Sector - The Non-Manufacturing Business Activity Index increased to 50.3%, up 0.2 percentage points, indicating continued expansion in the non-manufacturing sector [1][18]. - The service sector's business activity index reached 50.5%, marking a year-to-date high, with significant growth in sectors like capital market services and transportation [2][13]. - The construction sector's business activity index fell to 49.1%, indicating a decline in activity [13][16]. Price Indices - The main raw material purchase price index rose to 53.3%, and the factory price index increased to 49.1%, both showing a continuous upward trend for three months [1][2]. - The input price index for non-manufacturing remained stable at 50.3%, indicating a general increase in operational costs [16]. Future Expectations - The production and business activity expectation index for manufacturing was reported at 53.7%, suggesting increased confidence among manufacturers regarding future market conditions [2][17]. - The business activity expectation index for non-manufacturing reached 56.2%, indicating optimism about market prospects [17][18].