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        Economic Watch: China's manufacturing activity expands for three consecutive months

        2023-04-01 14:09:39來源:新華社

        BEIJING,March31(Xinhua)--China"smanufacturingactivitymaintainedexpansionforthreeconsecutivemonthsinMarch,offeringfreshevidenceofthecountry"ssteadyeconomicrecovery.

        Thepurchasingmanagers"index(PMI)forChina"smanufacturingsectorcameinat51.9inMarch,downfrom52.6inFebruary,datafromtheNationalBureauofStatisticsshowedFriday.


        (資料圖)

        Areadingabove50indicatesexpansion,whileareadingbelowreflectscontraction.

        ThemanufacturingPMIcontinuedexpansioninMarch,thoughataslowerpaceduetoahighbaselastmonth,suggestingasteadyrecoveryofChina"seconomicgrowth,thebureau"sseniorstatisticianZhaoQinghesaid.

        Theproductionindexandnewordersindexesreached54.6and53.6,respectively,wellabovetheboom-and-bustline.

        Of21surveyedindustries,13sawstableexpansionmonthonmonth.High-techmanufacturing,equipmentmanufacturing,andconsumergoodssectorsallmaintainedexpansion.

        ThePMIsforlarge,medium-sized,andsmallenterprisesstoodat53.6,50.3,and50.4,respectively,allintheexpansionterritory.

        Marketconfidencealsoimprovedremarkably.Thebusinessoutlookindexcameinat55.5,withoptimismsharedbyallthesurveyedindustries.

        WenTao,ananalystwiththeChinaLogisticsInformationCenter,saidthesub-indexreadingsindicatedthatthemarketdemandgrewatastableandfasterpace,productionactivitiesrecoveredsteadily,andbusinessactivitiesregainedmomentum.

        Sincethebeginningoftheyear,theChineseeconomyhasbeenrecoveringatafasterpace,withmajoreconomicindicatorsseeingsteadyexpansion,thankstogovernmentpro-growthmeasuresrangingfromexpandingdomesticdemandtomodernizingtheindustrialsystemandattractingforeigninvestment.

        Despitetherecoveryinfactoryactivities,Zhaocautionedthatsomeenterprisesarestillgrapplingwithtightcapitalandhighoperatingcosts,notingthatthefoundationoftheeconomicrecoveryneedstoconsolidate.

        Friday"sdataalsoshowedthatChina"snon-manufacturingactivityinMarchsawthefastestexpansionsinceMay2011,withthePMIforthenon-manufacturingsectorreaching58.2.

        China"scompositePMIedgedto57inMarchfrom56.4inFebruary,signalingthatoverallproductionbymanufacturingandnon-manufacturingenterprisescontinuedtowarmup.

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