Abstract In August 2017, the China Manufacturing Purchasing Managers Index (PMI) was 51.7%, up 0.3 percentage points from the previous month. The overall manufacturing industry maintained a steady and good development trend. In terms of the size of the enterprise, the PMI of large enterprises was 52.8%, which was slightly lower than that of the previous month.
In August 2017, the China Manufacturing Purchasing Managers Index (PMI) was 51.7%, up 0.3 percentage points from the previous month. The overall manufacturing industry maintained a steady and good development trend. In terms of enterprise scale, the PMI of large enterprises was 52.8%, a slight decrease of 0.1 percentage points from the previous month; the medium-sized enterprise PMI was 51.0%, up 1.4 percentage points from the previous month and returning to the expansion range; the small enterprise PMI was 49.1%, compared with The month rose by 0.2 percentage points.
From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index and the new order index are above the critical point, and the raw material inventory index, the employee index and the supplier delivery time index are below the critical point.
The production index was 54.1%, up 0.6 percentage points from the previous month and continued to be above the critical point, indicating that manufacturing growth has accelerated.
The new order index was 53.1%, up 0.3 percentage points from the previous month and continued to be above the critical point, indicating further improvement in manufacturing market demand.
The raw material inventory index was 48.3%, down 0.2 percentage points from the previous month, below the critical point, indicating that the main raw material inventory of the manufacturing industry continued to decline.
The employee index was 49.1%, down 0.1 percentage point from the previous month, below the critical point, indicating that the manufacturing industry's employment has decreased.
The supplier's delivery time index was 49.3%, down 0.8 percentage points from the previous month and falling below the critical point, indicating that the delivery time of manufacturing raw material suppliers has slowed down.
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