On May 1, the National Bureau of Statistics Service Industry Research Center and China Federation of Logistics and Purchasing released the China Manufacturing Purchasing Managers Index (PMI) in April. The index rose 53.3% after five consecutive months of recovery, up 0.2 from last month. The percentage point is already higher than the same period last year, indicating that the economic growth has shown a stable and positive trend. Pc Coal,Pc Boiler Coal,Pulverised Fuel Firing,Pulverized Coal Firing Jinan Boiler Group Co., Ltd. , https://www.jinanboilergroup.com
It is worth noting that the PMI of the automobile manufacturing industry has dropped significantly from 60.4% to below 50%. The industry believes that the PMI of the auto industry in April is lower, indicating that the auto industry has not yet bottomed out, and the superposition of negative factors has made the retail sales of the terminal less than expected. In March, due to the high-industry development of enterprises, the market failed to produce expected feedback, which made the auto companies in April actively reduce the forecast of the economy, which undoubtedly increased the pessimism of the industry.
However, although the auto manufacturing new orders index fell below 50%, the new export orders index is higher than 50%. According to the statistics of automobile automakers exported by China Association of Automobile Manufacturers, the export volume of auto companies in March was 72,000, a year-on-year increase of 14.3% and a year-on-year increase of 17.7%. The growth of auto exports remained stable.