In September, the Manufacturing Purchasing Managers Index (PMI) stood at 50.1%, up 0.3 percentage points from the previous month, returning to the expansion zone.
By enterprise size, the PMI of large enterprises was 50.6%, unchanged from the previous month and above the threshold. The PMIs of medium and small enterprises came in at 49.7% and 48.9% respectively, rising by 0.3 and 1.0 percentage points month-on-month, both remaining below the threshold.
In terms of sub-indices, among the five sub-indices comprising the manufacturing PMI, the Production Index, New Orders Index and Suppliers' Delivery Time Index were all above the threshold; the Raw Material Inventory Index and Employment Index were below the threshold.
The Production Index registered 51.7%, an increase of 1.3 percentage points from the previous month, indicating accelerated expansion of manufacturing production activities.
The New Orders Index was 50.5%, down 0.1 percentage points month-on-month and staying above the threshold, suggesting continued improvement in market demand in the manufacturing sector.
The Raw Material Inventory Index stood at 48.2%, up 0.1 percentage points from the previous month, showing that the decline in inventories of major raw materials in manufacturing narrowed slightly.
The Employment Index was 48.4%, a decrease of 0.3 percentage points month-on-month, reflecting a slowdown in the employment sentiment of manufacturing enterprises.
The Suppliers' Delivery Time Index recorded 50.1%, unchanged from the previous month and above the threshold, meaning delivery lead times for raw material suppliers in the manufacturing industry continued to shorten.
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