1. Operation of purchasing manager index in China's manufacturing industry

In August, the purchasing manager index (PMI) of China's manufacturing industry was 50.1%, which continued to be above the critical point, 0.3 percentage points lower than that of the previous month, and the expansion of manufacturing industry was weakened.

In terms of enterprise scale, the PMI of large enterprises was 50.3%, down 1.4 percentage points from the previous month, and continued to be higher than the critical point; The PMI of medium-sized enterprises was 51.2%, an increase of 1.2 percentage points over the previous month, higher than the critical point; The PMI of small enterprises was 48.2%, up 0.4 percentage points from the previous month, lower than the critical point.

From the sub index, among the five sub indexes constituting the manufacturing PMI, the production index is higher than the critical point, and the new order index, raw material inventory index, employee index and supplier delivery time index are lower than the critical point.

The production index was 50.9%, slightly down 0.1 percentage points from the previous month, higher than the critical point, indicating that the production expansion of the manufacturing industry was generally stable.

The new order index was 49.6%, down 1.3 percentage points from the previous month, lower than the critical point, indicating that the market demand of the manufacturing industry has weakened.

The raw material inventory index was 47.7%, which was flat with the previous month, but still below the critical point, indicating that the inventory of main raw materials in the manufacturing industry decreased compared with the previous month.

The employment index was 49.6%, which was flat with the previous month, but still below the critical point, indicating that the employment demand of manufacturing enterprises fell slightly.

The supplier delivery time index was 48.0%, down 0.9 percentage points from the previous month, lower than the critical point, indicating that the delivery time of raw material suppliers in the manufacturing industry has been extended.