In May 2019, China'S Manufacturing Purchasing Managers Index (PMI) Was 49.4%.

1. Operation of purchasing managers index of China's manufacturing industry

In May 2019, China's Manufacturing Purchasing Managers Index (PMI) was 49.4%, down 0.7 percentage points from last month.

From the scale of enterprises, the PMI of large enterprises is 50.3%, down 0.5 percentage points from last month, still higher than the critical point; the PMI of small and medium enterprises is 48.8% and 47.8%, down 0.3 and 2 percentage points respectively.

According to the classification index, production index and supplier delivery time index are higher than the critical point in the 5 classification indices of manufacturing PMI. The new order index, raw material inventory index and employment index are below the critical point.

The production index is 51.7%, down 0.4 percentage points from last month, still above the critical point, indicating that manufacturing industry continues to expand.

The new order index was 49.8%, down 1.6 percentage points from last month, under the critical point, indicating a decline in demand for manufacturing markets.

The stock index of raw materials was 47.4%, up 0.2 percentage points from last month, which is below the critical point, indicating that the main raw material inventory of manufacturing industry has narrowed down.

The employment index is 47%, down 0.2 percentage points from last month, which is below the critical point, indicating that the employment volume of manufacturing enterprises is down.

The supplier delivery time index was 50.9%, an increase of 1 percentage points from last month, which is above the critical point, indicating that the delivery time of manufacturing material suppliers has accelerated.