National Bureau Of Statistics: China Manufacturing Purchasing Managers Index (PMI) Rebounded In May

The China Federation of logistics and purchasing and the service industry survey center of the National Bureau of Statistics jointly released the purchasing manager index of China's manufacturing industry for may today. The data shows that with the gradual improvement of the situation of epidemic prevention and control, a series of policies have been implemented, the production and market demand of enterprises have been supplemented, and the economic operation tends to recover.

In May, China's Manufacturing Purchasing Manager Index (PMI) was 49.6%, up 2.2 percentage points from the previous month and close to the average value of Manufacturing Purchasing Manager Index in the first quarter of 2022.

From the perspective of industry segments, among the 21 sub industries covering the upper, middle and lower reaches of the manufacturing industry chain, the purchasing manager index of 16 sub industries increased compared with that of last month, and the purchasing manager index of 12 sub industries was higher than 50%, indicating that the recovery of various industries in the manufacturing industry is more coordinated. From the perspective of enterprises of different sizes, the purchasing manager index of large, medium and small enterprises all increased compared with that of last month. Among them, large enterprises rose to more than 50%, indicating that with the improvement of epidemic prevention and control situation, large enterprises quickly returned to normal operation, and small and medium-sized enterprises tended to recover.

Manufacturing PMI index (seasonally adjusted)