ebruary 2122, Chi
na's purchasing m
anager index (PMI) was 42.2%, down 1.3 percentage points from the previou
s month. From the perspective of enterprise scale, the PMI of large enterprises was 52.
%, up 1.2 percentage points over the previous month, and continues to be higher tha
n the critical point; the PMI of small and medium enterprises was 45.2% and 45.3%, down 1.3 and 2.1 percentage points over the previous month, both below the critical point. According to the
, the new order index is higher than the critical point, while the production index, raw material inventory index, employee index and supplier delivery time index are lower than the critical point. The production
index was 42.5%, down 2.4 percentage points from last month, below the tipping point, indicating a slowdown in manufacturing activity. The new orders index was 51.5%, up 2.1 percentage points from the previous month, returning to the tipping point, indicating a pick-up in manufacturing market demand. Raw material inventory index was 45.3%, down 2.3 percentage points from the previous month, still below the critical point, indicating that the decline of main raw material inventory in manufacturing industry expanded. The employment index was 44.5%, down 1.3
entage points from last month, below the tipping point, indicating a decrease in
the employment of ma
nufacturing enterprises. The delivery time index of suppliers was 42.3%, down 1.3 percentage points from last month, lower than the critical point, indicating that the delivery time of raw material suppliers in manufacturing industry was slower than last month.