China’s Manufacturing PMI In December Slightly Decreased, But Still Maintained A Steady Growth Trend
According to the December China Manufacturing Purchasing Managers’ Index (PMI) data released by the National Bureau of Statistics, the manufacturing PMI in December was 50.1%, a slight decrease of 0.2 percentage points from the previous month. Despite a slight decline, the overall manufacturing industry still remains above the boom and bust line (50%), showing that China’s manufacturing industry has maintained a steady growth trend in the complex and changeable domestic and foreign economic environment.
From the perspective of sub-indexes, China’s manufacturing industry showed positive trends in terms of production, market demand and supply chain in December. Among them, the production index was 52.1%, although it decreased by 0.3 percentage points from the previous month, it was still significantly higher than the boom and bust line, indicating that the production activities of manufacturing enterprises still maintained a rapid growth rate. This data reflects the strong strength of China’s manufacturing industry in terms of production capacity, providing sufficient product supply for the market.
At the same time, the new orders index was 51.0%, up 0.2 percentage points from the previous month, indicating that the demand in the manufacturing market continued to improve. The increase in new orders not only brings more business opportunities to manufacturing enterprises, but also provides strong market support for their future development. This trend shows that China’s manufacturing industry is still highly competitive in terms of market demand and is able to cope with the challenges of the external market.
Source: Changjiang Nonferrous Metals Network, 2024-12-31
