On April 30, the National Bureau of Statistics released the Purchasing Managers Index (PMI) of China's Manufacturing Industry for April. The PMI in April was 51.1%, 0.8 percentage points lower than last month, and still higher than the threshold. The manufacturing industry continued to expand.
In April, PMI continued to expand on the basis of the obvious rebound of the previous month, and its intensity has weakened, but it is still higher than the level of the same period in 2019 and 2020, and the manufacturing industry has maintained steady growth.
The expansion of manufacturing production and demand has slowed down. The production index and new order index were 52.2% and 52.0%, respectively, 1.7 and 1.6 percentage points lower than last month, indicating that production and demand continued to grow, but the growth rate was lower than last month.
The price index is running at a high level. The purchase price index and ex-factory price index of major raw materials were 66.9% and 57.3%, respectively, which were 2.5 percentage points lower than the previous month, and were still relatively high in recent years.
Source: Chemical Network
