CCTV News: The China Federation of Logistics and Procurement and the National Bureau of Statistics Service Industry Survey Center announced on the 31st that China's purchasing managers' index in March was 50.5%, up 0.3 percentage points from the previous month, operating in the expansion range for two consecutive months.
Large enterprises keep rising, small and medium-sized enterprises resume stable operation
From the perspective of enterprise types, the purchasing manager index of large enterprises continues to be in the expansion range. Although the index of small and medium-sized enterprises is running below 50%, the month-on-month increase is relatively obvious.
In March, the purchasing managers index of large enterprises was 51.2%, down 1.3 percentage points from the previous month, and remained in the expansion range, indicating that although the growth rate of large enterprises has slowed down, it still maintained its upward momentum.
With a package of stock policies and incremental policies and various policies to help small and medium-sized enterprises continue to work and production, and the start of many projects, small and medium-sized enterprises have begun to stabilize their operations. The purchasing managers index of medium-sized enterprises in March was 49.9%, up 0.7 percentage points from the previous month; the purchasing managers index of small enterprises was 49.6%, up 3.3 percentage points from the previous month, and the production index of small enterprises rose sharply by 6.7 percentage points from the previous month, close to the level of 51%.
Cai Jin, president of the China Federation of Logistics and Procurement, said: "A series of policy effects are further emerging, which further strengthens the endogenous momentum of the entire market. Therefore, from the perspective of enterprises, the main factors that have rebounded in March are small and medium-sized enterprises, especially small enterprises."
From market expectations, the expected index of production and operation activities in March was 53.8%, which continued to be in the expansion range. Manufacturing companies remained optimistic about the recent market development.
