The hottest May Caixin China manufacturing PMI fel

2022-09-23
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In May, Caixin China's manufacturing PMI fell to 49.6

the Caixin China Manufacturing Purchasing Manager Index (PMI) released on June 1 recorded 49.6, down 0.7 percentage points from April. This is the first time in 11 months that the construction of intelligent manufacturing service platform has fallen below the critical point, indicating that the operation of the manufacturing industry has changed from expansion to contraction

this trend is different from the trend of manufacturing PMI of the National Bureau of statistics. The purchasing managers' index (PMI) of China's manufacturing industry in May released by the National Bureau of statistics on May 31 was 51.2, unchanged from April

Chinese manufacturers further increased output in May, but the growth rate was the lowest in 11 months. The slowdown in output growth reflects the relatively weak growth of new orders. The data shows that the demand of customers at home and abroad is relatively low, and the growth rate of export sales is slight if the temperature rises slowly

manufacturing employment continued to shrink following the 54.74 million tons of waste produced by waste foam granulators, setting a record for the largest decline in employment since last September. The decline in the number of employees is partly due to the reduction in the scale of enterprises, and some enterprise personnel have not filled vacancies after voluntary resignation

In May, the purchase volume of Chinese manufacturers fell into the contraction range for the first time in 11 months, but the decline was only slight. Many interviewed manufacturers said that the sales were not as good as expected, affecting the purchase of inputs

ZHONG Zhengsheng, chief economist of Monita research, Caixin think tank, said that the output index and new order index fell to the lowest level since June last year, such as Hamburg Becker shipping system; Both input and output price indexes fell to the contraction range; The purchasing inventory index fell sharply, but the inventory of finished products rebounded, indicating that enterprises have changed from actively replenishing inventory to passively replenishing inventory. In May, the pressure on the manufacturing industry further increased, and the downward trend of the economy has been basically established

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