PMI in October shows that China's economy will maintain steady and rapid development

In October, China's manufacturing purchasing managers' index (PMI) was 55.2%, up 0.9 percentage points from the previous month, and the increase was 0.6 percentage points higher than that in September. After several months of continuous recovery, the current Chinese manufacturing PMI index has basically recovered to the normal level before May last year, showing that under the influence of a series of “guarantee growth” macro-control policies, the current Chinese economy has been basically ironed by international finance. The abnormal fluctuations brought by the crisis will lead to a new track of steady and rapid development.

From the point of view of the sub-index, the overall situation continues to rise, and the upward trend has accelerated. Compared with the previous month, the finished goods inventory index, purchase price index, employee index and supplier delivery time index decreased, and the other indexes all increased significantly, more than 1 percentage point, especially the import index increased the most, reaching 2.1. Percentage points. Among the four indexes that fell, the finished goods inventory index fell by a large margin of 2.1 percentage points, and the rest of the index fell by less than 1 percentage point. In terms of industries, only one of the 20 industries is below 50%, the remaining 19 industries are above 50%, and two industries have reached more than 60%. From the perspective of product types, raw materials and energy, intermediate goods, consumer goods and manufactured goods are relatively high, reaching about 55%.

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