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    Home > Chemicals Industry > Rubber Plastic News > Manufacturing PMI fell to 49.2% in October, shrinking for second straight month

    Manufacturing PMI fell to 49.2% in October, shrinking for second straight month

    • Last Update: 2022-09-05
    • Source: Internet
    • Author: User
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    On October 31, the Service Industry Survey Center of the State Administration and the China Federation of Logistics and Purchasing calculated the China Purchasing Managers Index


    According to CNBC, China's official manufacturing purchasing managers' index for October came in at 49.


    However, a private survey released on Monday showed China's manufacturing activity expanded in October, with the Caixin/Markit Manufacturing PMI at 50.


    Experts, the rapid growth of monthly energy prices affects the suppliers of the industrial chain.


    Manufacturing Update

    Manufacturing Update

    Among the 5 sub-indices that make up the PMI in the manufacturing industry, the production index, the new orders index, the raw materials index, the employment index and the supplier final time index are still predictable points


    Zhao Qinghe, a senior engineer at the Service Industry Survey Center of the State Administration, said that there are also recent statistical reports on major world statistics, changes in the international trade situation, and further observation of the trend of manufacturing imports and exports


    Qinghebian from the survey of 21 situations, in the survey of 21, 9 key points, decreased by 3 last month, the industry level in the production and operation of manufacturing enterprises, Zhao high technology


    The relevant person from the China Logistics Information Center believes that the trend and the rise in raw material prices have resulted in high production prices


    The construction industry business activity index still has a future boom range

    The construction industry business activity index still has a future boom range

    In October, the non-manufacturing business activity index was 52.


    Growth was driven by the "October" Golden Week


    From the perspective of market expectations, the business activity expectation index was 58.


    In addition, construction industry growth continues to grow


    A person from the China Logistics Information Center said that the epidemic and rising costs in many places have led to business activities


    "Data changes are evidence that the continuous release of infrastructure investment demand will continue to build a growth foundation for investment in the future


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