Increased production indicators, export orders, and new orders in Chinese manufacturing industries
BEIJING, 9 APRIL/WAM/ Data issued by the National Bureau of Statistics in China showed that the manufacturing purchasing managers’ indices (PMI), non-manufacturing business activity, and composite purchasing managers’ indexes in March recorded increases of 50.8%, 53.0%, and 52.7%. Respectively, an increase of 1.7, 1.6 and 1.8 percentage points from the previous month.
Qiao Baohua, chief researcher of industrial economic processes at the Sidei Research Institute, said in an interview with People’s Daily Online that the overall level of prosperity of China’s economy is gradually improving, and the trend of economic recovery is expected to continue steadily.
He pointed out that the simultaneous improvement in production and demand at the same time led to a significant rise in the manufacturing purchasing managers’ index, as the production index rebounded by 52.2%, the new export orders index by 51.3%, and the new orders index by 53%, and the main manufacturing industries and areas The main manufacturing industries in the prosperity area are much higher, and the surface of industrial prosperity has expanded greatly.
He added that the non-industrial commercial activity index, which includes the services sector and the construction sector, recorded 53.0% in March, an increase of 1.6 percentage points from the previous month.
Qiao expects that, as a new round of large-scale equipment renovation and other stable growth policies gradually enter into effect, the growth momentum of investment and consumption will be further enhanced, and the supply and demand situation in the Chinese economy will continue to improve, and it is expected to achieve a higher level of dynamic balance. Between supply and demand.
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