In April 2017, the China Manufacturing Purchasing Managers’ Index (PMI) was 51.2%, down 0.6 percentage points from the previous month and continued in the expansion range.

According to the scale of enterprises, the PMI of large enterprises was 52.0%, which was 1.3 percentage points lower than that of last month and remained in the expansion range. The PMI of medium-sized enterprises was 50.2%, 0.2 percentage points lower than that of the previous month. The PMI of small enterprises was 50.0% Month rise, higher than last month 1.4 percentage points, rose to the critical point for the past two years high, business situation has improved.

From the classification index, the production index, the new order index and the supplier delivery time index are higher than the critical point in the five classification indices constituting the manufacturing PMI, and the raw material inventory index and the employee index are lower than the critical point.

The production index was 53.8%, down 0.4 percentage points from the previous month, still in the expansion range, indicating that manufacturing production continued to grow, but the increase narrowed.

The new order index was 52.3%, down from 1.0 percentage point last month, above the critical point, indicating that the manufacturing market demand continued to expand the trend, growth has slowed.

Employers index was 49.2%, down 0.8 percentage points from the previous month, down to below the critical point, indicating that manufacturing enterprises have reduced the amount of labor.

Raw material inventory index was 48.3%, unchanged from last month, continue below the critical point, indicating that the main raw material inventories continue to decline.

Vendor delivery time index of 50.5%, up 0.2 percentage points from the previous month, higher than the critical point, indicating that the manufacturing raw material suppliers delivery time continues to accelerate.