National Bureau of Statistics: The Purchasing Managers' Index (PMI) for the manufacturing sector in September was 49.8%, an increase of 0.7 percentage points from the previous month.

On September 30th, the National Bureau of Statistics announced the operating conditions of China's Purchasing Managers' Index (PMI) in September 2024. In September, the PMI for the manufacturing industry was 49.8%, an increase of 0.7 percentage points from the previous month, indicating an improvement in the manufacturing industry. According to the size of enterprises, the PMI for large, medium, and small enterprises were 50.6%, 49.2%, and 48.5% respectively, with increases of 0.2%, 0.5%, and 2.1% from the previous month. In terms of the sub-indices, the production index was above the critical point, while the new orders index, raw materials inventory index, employment index, and supplier delivery time index were all below the critical point. The production index was 51.2%, an increase of 1.4 percentage points from the previous month, indicating an acceleration in manufacturing activities. The new orders index was 49.9%, an increase of 1.0 percentage points from the previous month, showing an improvement in market demand for the manufacturing industry. The raw materials inventory index was 47.7%, a slight increase of 0.1 percentage point from the previous month, indicating a slight narrowing of the decrease in raw materials inventory for the manufacturing industry. The employment index was 48.2%, an increase of 0.1 percentage point from the previous month, indicating a slight improvement in employment conditions for manufacturing enterprises. The supplier delivery time index was 49.5%, a decrease of 0.1 percentage point from the previous month, showing a continued extension in delivery times for raw materials suppliers in the manufacturing industry. Additionally, the article provides information on the operating conditions of China's non-manufacturing PMI in September 2024 and the comprehensive PMI output index for the same period. It indicates that overall business activities in both sectors are experiencing changes in different aspects.