About the instrument and meter industry in China manufacturing in August PMI was 49.2%

From the 11 sub-indexes, only the production index is slightly higher than 50%, and the remaining indexes are either 50% or below. Compared with the previous month, the production index, new order index, level transmitter, input type liquid level transmitter, static pressure level transmitter raw material inventory index, and employee index decreased, among which the inventory index of raw materials decreased more obviously. The decline rate exceeded 3%; the new export order index was 46.6%, unchanged from the previous month; the backlog order index, finished goods inventory index, purchase volume index, import index, purchase price index, and supplier delivery time index rose. The price index rose significantly, with an increase of 5.1 percentage points.

In terms of different industries, the petroleum processing and coking industry, food and alcoholic beverages refined tea manufacturing industry, tobacco products industry and other 9 industries are higher than 50%; electrical machinery equipment manufacturing, non-metallic mineral products, chemical materials and chemical products manufacturing 12 industries, such as industry, are below 50%. In terms of subregions, the western region is slightly higher than 50%; the eastern, central and northeast regions are all below 50%. From the perspective of the size of the company, large, medium and small micro-enterprises are all below 50%.

In August, the PMI index continued to decline and the decline rate increased. The absolute level dropped below 50%. From the perspective of the index's own characteristics, it reflects that the manufacturing industry is in contraction. From the sub-index, the new orders index fell by 0.3 percentage points, the new export orders index was unchanged from the previous month, the backlog index increased significantly; the purchase price index increased significantly; the raw materials inventory index dropped sharply, and the finished goods inventory index increased slightly. These changes show that the level of orders held by companies has stabilized, expectations for price increases have begun to brewing, and activities to reduce inventory and control operating rates are nearing completion.

The new orders index declined slightly. The new orders index for the month was 48.7%, down 0.3 percentage points from the previous month. From the industry perspective, food and wine beverages in the refined tea manufacturing industry, computer communications and electronic equipment and instrumentation manufacturing, and agricultural and non-staple food processing industries are higher than 50% in 10 industries; special equipment manufacturing, ferrous metal smelting and rolling processing, 11 industries such as the textile industry are below 50%. In terms of enterprise size, medium-sized companies are more than 50%; large- and small-scale micro-enterprises are less than 50%.

The production index continues to fall. The monthly production index was 50.9%, down by 0.9 percentage point from the previous month. From an industry perspective, food and wine beverages in refined tea manufacturing, petroleum processing and coking industries, and computer communications and electronic equipment and instrumentation and other 13 industries are higher than 50%; special equipment manufacturing, ferrous metal smelting and rolling processing industry, Eight industries such as the textile industry are below 50%. From the regional perspective, the eastern, central and western regions are higher than 50%; in the northeast, it is lower than 50%. In terms of the size of the company, large and medium-sized companies are more than 50%; small and micro-enterprises are less than 50%.

The new export orders index was flat, and the import index rose. The new export order index this month was 46.6%, unchanged from the previous month. From an industry point of view, the agricultural and non-staple food processing industry, food and wine beverage refined tea manufacturing industry, computer communication and electronic equipment and instrumentation and other eight industries are higher than 50%; metal products industry, textile industry, ferrous metal smelting and rolling plus 13 industries such as industry are below 50%.

The purchase volume index picked up. The purchasing volume index for the month was 48.8%, up 2% from the previous month. From the industry point of view, food and wine beverages, refined tea manufacturing, computer communication and electronic equipment and instrumentation manufacturing, and petroleum processing and coking industries are higher than 50% in 11 industries; ferrous metal smelting and rolling processing and special equipment manufacturing 10 industries, such as metal products, are below 50%. From a regional perspective, the central region is higher than 50%; the eastern, northeastern, and western regions are all below 50%.

The import index for this month was 47%, up 2% from the previous month. From the industry point of view, petroleum processing and coking industry, computer communications and electronic equipment and instrumentation manufacturing, railway ship aerospace transportation equipment manufacturing and other six industries are higher than 50%; chemical raw materials and chemical products manufacturing industry is located at 50%; metal There are less than 50% of 14 industries including the product industry, pharmaceutical manufacturing, wood processing and furniture manufacturing.

The purchase price index picked up. The purchase price index for this month was 46.1%, up 5.1% from the previous month. From an industry perspective, oil processing and coking, agricultural and non-staple food processing, chemical fiber and rubber plastic products, tobacco products and pharmaceutical manufacturing are higher than 50% in 8 industries; ferrous metal smelting and rolling processing industry, metal 13 industries, such as product manufacturing and special equipment manufacturing, are below 50%. From the perspective of business size, small and micro enterprises are higher than 50%; large and medium-sized companies are less than 50%.

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