National Bureau of Statistics: Looking at China's economic development expectations from the leading indicators
Since the beginning of this year, in the face of the complicated international and domestic environment, various departments in various regions have continuously deepened reform and opening up, effectively stimulating endogenous motivation and vitality. From the January-March purchasing managers' index as a leading indicator, the Chinese economy has continued to stabilize since last year. The medium-term development trend is good, and the development expectation is stable and good.
The relevant person in charge of the Service Department of the National Bureau of Statistics said that since the beginning of this year, the Manufacturing Purchasing Managers Index, the Non-Manufacturing Business Activity Index and the Comprehensive PMI Output Index have continued to be in the boom zone, indicating that the production and operation of the company is in good condition and continues to maintain a steady expansion. .
From the Manufacturing Purchasing Managers Index (PMI), the PMI index continued its good momentum last year. The PMI index for January-March this year was 51.3%, 50.3% and 51.5%, respectively, and it was in the boom zone of 50% for 20 consecutive months. The industry has shown a steady development trend of steady growth. From the non-manufacturing business activity index, the non-manufacturing business activity index for January-March this year was 55.3%, 54.4% and 54.6%, respectively, which was stable at a high level of 54% for seven consecutive months. The service industry remained stable. Fast growth. From the comprehensive PMI output index, the comprehensive PMI output index from January to March this year was 54.6%, 52.9% and 54.0%, respectively, at a high level of prosperity, and the overall economic production and operation activities expanded steadily and rapidly.
From the manufacturing purchasing managers' index, in March, the manufacturing PMI was 51.5%, up from 1.2 percentage points last month, rising to the first quarter high, and the manufacturing expansion accelerated, showing a steady upward trend.
According to the above-mentioned person in charge of the Service Department of the National Bureau of Statistics, in general, the Purchasing Managers Index shows that China’s economy has continued to maintain a stable and stable development trend in the first quarter of this year, and is expected to improve and support the high-quality development of the economy. The favorable conditions continue to accumulate and increase, laying a good start for the stable and healthy development of the economy throughout the year. In the next stage, we must take the spirit of the 19th Party Congress as the leader, implement the decision-making arrangements of the Party Central Committee and the State Council, adhere to the general tone of the work of striving for stability, consolidate the foundation of the economy, and stand on the long-term economic cycle and structure. From the perspective of optimizing and upgrading, we will further promote reform and innovation, deepen and increase vitality through reform, drive growth and energy through innovation, continuously improve the quality and efficiency of economic development, and urge the national economy to continue to improve and achieve long-term stable and healthy development of the economy.
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