The
PMI survey indicates that the manufacturing sector is expanding.
这个
PMI调查表明制造业正在扩张。
Our company's
PMI has improved significantly in the last quarter.
我们公司的
PMI在上个季度有了显著提升。
A high
PMI reading suggests a strong economy and vice versa.
高的
PMI读数意味着强劲的经济，反之亦然。
The construction industry experienced a decline as indicated by the low
PMI figures.
建筑业出现下滑，这从低
PMI数据中可以看出。
The services sector
PMI remained above 50, indicating growth in the industry.
服务业的
PMI保持在50以上，显示该行业仍在增长。
The government will likely loosen monetary policy if the
PMI falls below 50.
如果
PMI跌破50，政府可能会放宽货币政策。
The quarterly
PMI report provides valuable insights into the health of the economy.
季度
PMI报告为了解经济状况提供了宝贵的洞见。
The
PMI data shows a slight dip in consumer confidence this month.
PMI数据显示本月消费者信心略有下降。
The supply chain disruptions have negatively impacted the
PMI numbers.
供应链中断对
PMI数值产生了负面影响。
Companies with a high
PMI tend to outperform their competitors in the market.
PMI值高的公司在市场上的表现往往优于竞争对手。
André Calantzopoulos, CEO of Launsanne-based PMI, said since tobacco control strategies in most countries focus on supply and demand measures intended to prevent initiation, reduce consumption and encourage cessation, they have resulted in a decline in smoking prevalence over the last three decades, but are unlikely to eliminate smoking altogether.
About 14 percent of PMI's total net revenues to date comes from smoke-free products, driven primarily by iQOS.
PMI, owner of 130 cigarette brands including Marlboro, a popular cigarette brand across the world, spent more than $6 billion on research and development over the last decade.
When asked how PMI cooperates with Chinese tobacco companies on these initiatives, the company said it welcomes any science and evidence-based innovation that has the potential to offer adult smokers who don't quit a better option.
A PMI reading of above 50 points to expansion, while one below that mark indicates contraction.
Caixin's composite PMI, which includes both manufacturing and services activities, came in at 52.6 in December from 51.6 in the previous month, recording the highest level since May.
"The PMI declined amid still-weak domestic and external demand, and December also marks the off-season for sectors such as textiles and some raw materials," said Zhou Maohua, an analyst at China Everbright Bank.
Meanwhile, China's non-manufacturing PMI came in at 50.4 in December, up from 50.2 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, stood at 50.3 in December compared with 50.4 in November, according to the NBS.
Zhao Qinghe, an NBS statistician, said in a statement posted on the bureau's website that manufacturing PMI declined as December marks the off-season for some raw materials sectors.
China's non-manufacturing PMI came in at 50.4 in December, up from 50.2 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.3 in December compared with 50.4 in November, according to the NBS.
Citing the previously released Caixin manufacturing PMI for last month, which rose by 1.2 percentage points to 50.7 and bounced back to expansionary territory, the report noted that the rebounds in both sectors have propelled the Caixin composite PMI for November to 51.6 from 50 in October, reaching a new high for the past three months.
The anticipated improvement in economic indicators for December, fueled by the lower base effect, indicates that the annual growth objective of roughly 5 percent is likely to be met, notwithstanding the seasonal downward pressures facing the PMI for December, said Xiong Yuan, chief economist at Guosheng Securities.
A PMI reading above 50 signifies expansion, while one below 50 signals contraction.
Despite the improvement in the latest PMI reading, Wang cautioned that external demand remained sluggish, and employment was still weak.
Data released by the National Bureau of Statistics on Thursday offer the latest official snapshot of the pressures facing the economy, as the official PMI for China's manufacturing sector fell to 49.4 in November from 49.5 in October.
China's non-manufacturing PMI came in at 50.2 in November, down from 50.6 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.4 in November compared with 50.7 in October, according to the NBS.
此外，根据国家统计局的数据，11月份中国官方综合采购经理指数（包括制造业和非制造业活动）报50.4，相比10月份的50.7有所下降。
Yang Xin, an analyst with Hongta Securities, said the latest official PMI readings show market supply and demand are still weak, and that there appear to be signs of a slight slowdown in economic growth.
杨欣，洪塔证券的一位分析师表示，最新的官方PMI数据显示市场供需仍然疲软，并且似乎出现了经济增长小幅放缓的迹象。
"While the December PMI may still face seasonal downward pressures, most economic indicators will likely record year-on-year growth, and China will exceed its annual growth target of around 5 percent this year, Xiong said.
熊说：“尽管12月的PMI可能仍会面临季节性下行压力，但大多数经济指标可能将实现同比正增长，今年中国将超过全年约5%的增长目标。”
Zhao Qinghe, an NBS statistician, said the manufacturing PMI declined as November marks the traditional offseason for some manufacturing sectors, and the reading was also impacted by factors such as insufficient market demand.
Zhou Maohua, an analyst at China Everbright Bank, said that while the manufacturing PMI shrank in November, nonmanufacturing activity maintained expansion.
China's nonmanufacturing PMI read 50.2 in November, down from 50.6 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and nonmanufacturing activities, came in at 50.4 in November compared with 50.7 in October, according to the NBS.
Zhou said he believes that both manufacturing and nonmanufacturing PMI readings will improve gradually in the following months, given China's continued recovery trend and a series of stimulus measures gradually taking effect.
Zhao Qinghe, an NBS statistician, said that manufacturing PMI declined as November marks the traditional off-season for some manufacturing sectors, and the reading was also impacted by factors such as insufficient market demand.
China's nonmanufacturing PMI came in at 50.6 in October, down from 51.7 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and nonmanufacturing activity, came in at 50.7 in October compared with 52 in September, the NBS said.
Zhou Maohua, an analyst at China Everbright Bank, said the decline in the manufacturing PMI shows recovery in domestic demand is still tepid, affected by seasonal factors as well as the housing market slump.
Considering the robust macro policy support and the strong optimism among manufacturers, Zhou said the manufacturing PMI will gradually pick up in the coming months.
China's non-manufacturing PMI came in at 50.6 in October, down from 51.7 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.7 in October compared with 52 in September, according to the NBS.
The Chinese government has unveiled a series of pro-growth measures since August, and they are starting to pay off, with improving indicators, ranging from the producer price index and industrial profits to the manufacturing purchasing managers' index (PMI), confirming sustained economic recovery, Pan said in an exclusive interview with Xinhua.
The real estate policies have been further optimized since the end of August and the real estate construction manufacturing purchasing managers' index (PMI) picked up in September with stabilized cement prices, said Bian Quanshui, chief macroeconomic researcher at Western Securities.
Lu Ting, chief China economist at Nomura, said the better-than-expected September PMI data could be good for market sentiment in the short run, and some August data have already shown signs of stabilization.
September's PMI reading was up from 49.7 in August because production accelerated while market demand improved, especially export orders, the bureau said.
Zhong said September's PMI indicates that the drag from external demand has eased, policy pushes for infrastructure and real estate construction have promoted a recovery in related industries, and the mitigated debt burden of households is boosting the sectors of consumer goods and services.
With activity in services and construction sectors accelerating, the composite PMI, which includes both manufacturing and nonmanufacturing activities, came in at 52 in September, up from 51.3 in August, indicating an acceleration in overall business activity, according to the NBS.
Experts said the official manufacturing PMI may remain above 50 for the remainder of the year amid the ongoing impact of recent supportive policies, including property market easing, accelerated local government bond issuance and the central bank's cuts in interest rates and banks' required reserves.
Despite the overall improvements, NBS data showed that small manufacturers still faced a contraction in activity, with their PMI standing at 48 in September, up from 47.7 in August.
Also, a privately surveyed manufacturing PMI that is more oriented to small and medium-sized enterprises, published by media group Caixin on Sunday, slipped from 51 in August to 50.6 in September as employment declined amid muted business confidence.
September's PMI reading was up from 49.7 in August as production accelerated while market demand improved, the bureau said.
The non-manufacturing PMI also increased from 51 a month earlier to 51.7 in September as activity in the services and construction sectors accelerated.
The composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 52 in September compared with 51.3 in August, indicating a pickup of enterprises' production and operation activities.
The PMI for the non-manufacturing sector came in at 51 in August, standing well above the boom-or-bust line for eight consecutive months.
Reuters, the official purchasing managers' index (PMI), is expected to have edged up to 49.4 in August)The sub-index for production came in at 51.9 in August from 50.2 in July, while the gauge for new orders stood at 50.2 versus 49.5 in July, the NBS said.
路透社消息，官方采购经理人指数（PMI）预计在8月份将微升至49.4。国家统计局表示，其中生产子指数从7月的50.2升至8月的51.9，而新订单指标则从7月的49.5升至8月的50.2。
China's non-manufacturing PMI came in at 51 in August, down from 51.5 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 51.3 in August compared with 51.1 in July, according to the NBS.
Meanwhile, China's non-manufacturing PMI came in at 51.5 in July, down from 53.2 a month earlier, NBS data showed.
China's non-manufacturing PMI came in at 51.5 in July, down from 53.2 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 51.1 in July compared with 52.3 in June, according to the NBS.
Chinese economy remains driving force of global growthAccording to the latest data from the National Bureau of Statistics, the purchasing managers' index (PMI) for China's manufacturing sector came in at 49 in June, up from 48.8 in May, ending a three-month decline, another encouraging sign of strengthening economic momentum.
Data released by the National Bureau of Statistics at the end of June showed the latest official snapshot of the pressures facing the economy, with the official PMI for China's manufacturing sector remaining in the contraction zone for the third consecutive month amid still-weak demand, albeit ticking up to 49 in June from 48.8 in May.
China's non-manufacturing PMI, however, fell to 53.2 in June from 54.5 in May, according to the NBS.
The Caixin China General Manufacturing PMI — which gauges operating conditions in the sector — came in at 50.5 in June after 50.9 in May, above the 50-point mark that separates growth from contraction, media group Caixin said on Monday.
Wang added that Caixin's manufacturing PMI for June also points to issues such as an increasingly dire job market, rising deflationary pressure and waning optimism.
Data released by the National Bureau of Statistics last week shows the pressures facing the economy, with the official PMI for China's manufacturing sector remaining in the contraction zone for the third consecutive month after ticking up to 49 in June from 48.8 in May.
China's nonmanufacturing PMI came in at 53.2 in June, down from 54.5 in May, according to the NBS.
Lu Ting, chief China economist at Nomura, said that his team expected manufacturing PMI to remain in contractionary territory in July, due to ongoing property woes and external challenges, while the nonmanufacturing PMI could weaken further on fading post-COVID pent-up demand for in-person services.
China's non-manufacturing PMI came in at 53.2 in June, down from 54.5 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 52.3 in June compared with 52.9 in May, according to the NBS.
PMI services balances remained well above 50 and consumer confidence surveys have started to recover, said Fitch Ratings.
The manufacturing PMI fell for three straight months, with the readings in April and March also below 50 — such a plunge deserves keen attention.
Other economic readings were in step with the continued dip in PMI last month.
Given China's export order trend and the PMI for the manufacturing sector of major economies worldwide, the outlook for exports remains grim.
The PMI for the manufacturing sector of major economies slipped into contraction in April.
In particular, the manufacturing PMI of the eurozone and the UK continued to dip in May, down 1.2 and 0.9 points, respectively, from the previous month, which bodes ill for sustaining global growth momentum.
The PMI for China's nonmanufacturing sector stood at 54.5 during the same period, data from the NBS showed.
Compared to the notable fall of the PMI for manufacturing, that for the nonmanufacturing sector still has strong resilience.
From the subindex, the PMI for the construction industry plunged 5.7 points from the previous month to 58.2 in May, and the PMI for the services sector dipped 1.3 points from the previous month to 53.8.
In May, the PMI for large-scale enterprises stood at 50, a 0.7 point higher than the previous month, while the PMI for small and medium-sized enterprises came in at 47.6 percent and 47.9 percent, 1.6 and 1.1 points lower than a month earlier, respectively.
The rapid slump of the PMI for three consecutive months, as well as an overall downturn in subsector readings, is sending an explicit message that the momentum of economic growth is waning in the short term.
The Monday survey results also show that, driven by improved business conditions in major sectors, the Caixin Composite PMI for May rose by 2.0 percentage points to 55.6, reaching a level not seen since 2021.
"The Caixin Services PMI for May indicates an overall improvement in services, despite signs of weakness in employment and market expectations.
Yet for the manufacturing PMI, employment conditions deteriorated and price levels declined notably.
The Caixin's composite PMI, which includes both manufacturing and services activities, picked up to 55.6 from 53.6 in April.
Wang Zhe, a senior economist at Caixin Insight Group, said the manufacturing PMI returned to expansionary territory as both supply and demand improved in May.
"Data released by the National Bureau of Statistics on Wednesday offer the latest official snapshot of the rising pressures facing the economy, as the official PMI for China's manufacturing sector fell to 48.8 in May from 49.2 in April.
The country's official composite PMI, which includes both manufacturing and nonmanufacturing activity, came in at 52.9 in May compared with 54.4 in April, the NBS said.
Meanwhile, China's nonmanufacturing PMI remained resilient at 54.5 in May, albeit moderating from 56.4 a month earlier.
“同时，中国的非制造业PMI在5月份保持了韧性，数值为54.5，尽管较上月的56.4有所缓和。”
Also, the country's official composite PMI, which includes both manufacturing and nonmanufacturing activities, came in at 52.9 in May compared with 54.4 in April, according to the NBS.
此外，根据国家统计局的数据，该国官方综合采购经理人指数（PMI）在5月份录得52.9，相比4月份的54.4有所下降。这个综合PMI指数涵盖了制造业和非制造业活动。
"The resilient nonmanufacturing PMI was mainly backstopped by a burst of suppressed demand during the first post-COVID Golden Week holiday, while the PMI for the construction sector dropped sharply on weak demand," said Lu Ting, chief China economist at Nomura.
野村证券中国首席经济学家陆挺表示，韧性十足的非制造业PMI主要得益于疫情后首个黄金周假期中被抑制需求的集中释放，而建筑业PMI则因需求疲软大幅下滑。
China's non-manufacturing PMI came in at 54.5 in May, down from 56.4 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 52.9 in May compared with 54.4 in April, according to the NBS.
Meng Wei, a spokeswoman for the National Development and Reform Commission, said at a news conference on Wednesday that the falling Purchasing Managers' Index (PMI) in manufacturing in April indicates that current market demand remains insufficient, and internal momentum for development needs to be improved.
China's official manufacturing PMI declined to 49.2 in April from 51.9 in March, sliding into the contraction territory.
Noting several highlights in the manufacturing sub-indexes in April in despite of the PMI jump, Meng said that, currently, recovering and expanding demand are key to improving economic growth.
Wang said the manufacturing PMI in April indicates that economic recovery has yet to find a stable footing, as growth still faces challenges, including employment and deflation pressure.
Data released by the National Bureau of Statistics on Sunday also offer the latest official snapshot of the multiple pressures facing the economy, as the official PMI for China's manufacturing sector stood at 49.2 in April, down from 51.9 in March.
The country's official composite PMI, which includes both manufacturing and nonmanufacturing activities, came in at 54.4 compared with 57 in March, said the NBS.
This month's drop in the manufacturing PMI comes amid insufficient market demand and the high comparison base in the first quarter due to a rapid recovery in the manufacturing sector, said Zhao Qinghe, a senior NBS statistician, adding that the sub-indexes for production and new orders came in at 50.2 and 48.8 in April, both down from the previous month.
China's non-manufacturing PMI came in at 56.4 in April, with services PMI and construction PMI standing at 55.1 and 63.9 respectively.
The country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 54.4 compared with 57 in March, according to the NBS.
This month's drop in the manufacturing PMI comes as insufficient market demand and the high comparison base in the first quarter due to a rapid recovery in the manufacturing sector, said Zhao Qinghe, a senior NBS statistician, adding that the sub-indexes for production and new orders came in at 50.2 and 48.8 in April, both down from the previous month.
China's non-manufacturing PMI came in at 56.4 in April, down from 58.2 a month earlier.
Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 54.4 compared with 57 in March, according to the NBS.
China's manufacturing activity maintained its expansion for three consecutive months by March, with the purchasing managers' index (PMI) for China's manufacturing sector hitting 51.9, and the PMI for the non-manufacturing sector reached 58.2.
The average manufacturing PMI in the January-March period reached a vigorous 51.5, which was close to the level seen in the fourth quarter of 2020, according to Zhang Yu, chief macro analyst at Hua Chuang Securities.
China's PMI also beat expectations in March, indicating significant growth in retail, transport, and construction activity.
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