CCTV News: The National Bureau of Statistics released the operation of China Purchasing Managers Index in April 2025 on April 30. The details are as follows: 1. Operation of China's Manufacturing Purchasing Managers Index

In April, the Manufacturing Purchasing Managers Index (PMI) was 49.0%, down 1.5 percentage points from the previous month, and the manufacturing industry's prosperity level declined.

From the enterprise scale, the PMIs of large, medium and small enterprises were 49.2%, 48.8% and 48.7%, respectively, down 2.0, 1.1 and 0.9 percentage points from the previous month, all lower than the critical point.

From the classification index, among the five classification indexes that constitute the manufacturing PMI, the supplier distribution time index is higher than the critical point, while the production index, new order index, raw material inventory index and practitioner index are all lower than the critical point.

The production index was 49.8%, down 2.8 percentage points from the previous month, indicating that manufacturing enterprises' production has slowed slightly.

The new order index was 49.2%, down 2.6 percentage points from the previous month, indicating that the manufacturing market demand has declined.

The raw material inventory index was 47.0%, down 0.2 percentage points from the previous month, indicating that the inventory of major raw materials in the manufacturing industry decreased compared with the previous month.

The employee index was 47.9%, down 0.3 percentage points from the previous month, indicating that the employment prosperity of manufacturing enterprises has declined.

Supplier delivery time index was 50.2%, down 0.1 percentage point from the previous month, and still above the critical point, indicating that the delivery time of raw material suppliers in manufacturing continues to accelerate.

2. Operation of China's non-manufacturing purchasing managers' index

In April, the non-manufacturing business activity index was 50.4%, down 0.4 percentage points from the previous month, still higher than the critical point, and the non-manufacturing industry continued to expand.

By industry, the construction industry's business activity index was 51.9%, down 1.5 percentage points from the previous month; the service industry's business activity index was 50.1%, down 0.2 percentage points from the previous month. From an industry perspective, the business activity indexes in industries such as air transportation, telecommunications, radio and television, satellite transmission services, Internet software and information technology services, and insurance are all located in a relatively high prosperity range of more than 55.0%; the business activity indexes in industries such as water transportation, capital market services are all lower than the critical point.

The new order index was 44.9%, down 1.7 percentage points from the previous month, indicating that demand in the non-manufacturing market has declined. By industry, the new order index of the construction industry was 39.6%, down 3.9 percentage points from the previous month; the new order index of the service industry was 45.9%, down 1.2 percentage points from the previous month.

The input price index was 47.8%, down 0.8 percentage points from the previous month, indicating that the overall level of input prices used by non-manufacturing companies for business activities was lower than last month. By industry, the price index of inputs in the construction industry was 47.5%, down 2.0 percentage points from the previous month; the price index of inputs in the service industry was 47.9%, down 0.5 percentage points from the previous month.

The sales price index was 46.6%, down 0.1 percentage point from the previous month, indicating that the overall level of sales prices in non-manufacturing industries has declined. By industry, the sales price index of the construction industry was 47.2%, down 0.3 percentage points from the previous month; the sales price index of the service industry was 46.5%, down 0.1 percentage point from the previous month.

The employee index was 45.5%, down 0.3 percentage points from the previous month, indicating that the employment prosperity of non-manufacturing enterprises has declined slightly. By industry, the construction industry practitioner index was 37.8%, down 3.6 percentage points from the previous month; the service industry practitioner index was 46.8%, up 0.3 percentage points from the previous month.

The business activity expectations index was 56.0%, down 1.2 percentage points from the previous month, and is still in a relatively high prosperity range, indicating that most non-manufacturing companies remain optimistic about market development. By industry, the expected index of business activity in the construction industry was 53.8%, down 1.5 percentage points from the previous month; the expected index of business activity in the service industry was 56.4%, down 1.1 percentage points from the previous month.

3. Operation of China's Comprehensive PMI Output Index

In April, the Comprehensive PMI Output Index was 50.2%, down 1.2 percentage points from the previous month, continuing to be above the critical point, indicating that the production and operation activities of my country's enterprises have continued to expand.