The China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released on May 31 that the China Manufacturing Purchasing Managers Index (PMI) was 50.6% in May, a slight decrease of 0.2 percentage points from the previous month, and remained above 50%. The economy maintained its recovery growth momentum. From the perspective of sub-indices, market demand has kept picking up, enterprises have resumed stable production, the momentum has slowed down slightly, and employment activities have also been relatively stable. New kinetic energy maintained a rapid recovery momentum, large enterprises continued to maintain a good supporting role, and enterprises expected to rise in the market outlook.
Researchers of the Development Research Center of the State Council believe that the PMI index continued to fall slightly in May, but remained on the line of gloom and dryness, indicating that the economy is still recovering. From the perspective of the PMI sub-indicators, the absolute level of the demand index is significantly lower than that of the production index, indicating insufficient demand and its constraints on production. Therefore, to promote the rapid recovery of enterprise production, the key is to implement the tasks of the strategy of expanding domestic demand, see results as soon as possible in boosting investment and expanding consumption, unblock the large cycle between the domestic market and production, and accelerate the promotion of the economy into a sustained Rebound towards the good channel.
flap disc manufacturer,aluminium oxide flap wheel,zirconia abrasive belt,fiberglass backing pads
In May, the production index fell by 0.5 percentage points from the previous month, but remained at 53.2%. In this regard, analysts at the China Logistics Information Center believe that the level of the index has declined slightly, indicating that the recovery of the company’s production has slowed slightly in May in the early recovery period; however, the gap between the production index and the new order index has increased from above The 3.5 percentage points in the month contracted to 2.3 percentage points this month, indicating that the market supply-demand disharmony has eased.
He said that as the epidemic prevention and control further achieved results, domestic demand recovered quickly. At present, my country's policy of stabilizing foreign trade is accelerating, enterprises adopt measures such as diversification of product structure and diversification of export destinations. The decline in exports has eased, and market demand will continue to rise.
flap disc manufacturer,aluminium oxide flap wheel,zirconia abrasive belt,fiberglass backing pads
The new kinetic energy maintained a relatively fast recovery momentum. In May, the PMI of the equipment manufacturing industry was 52.2%, the production index and the new order index were at higher levels of 56.6% and 53.2%, respectively, and the market supply and demand rebounded faster. The PMI of the high-tech industry is 51.7%. Although the index level has dropped from last month, it is still higher than the overall level of the manufacturing industry. The consumer goods industry PMI was 51.8%, among which textile, clothing, furniture and other industries recovered after the response level of epidemic prevention and control in many places decreased.
Large enterprises maintain a stable supporting role. In May, the PMI of large enterprises was 51.6%, up 0.5 percentage points from the previous month, and also higher than the overall manufacturing industry. The production index and new order index were 54.9% and 52.5%, up 0.8 and 1.9 percentage points from the previous month. This effectively supported the overall stable recovery of the manufacturing industry.
Businesses' expectations for the market outlook are rising. With the gradual control of the epidemic situation and the continuous implementation of the government's bailout support policies, companies hold more optimistic expectations for the future market. In May, the expected index of production and operation activities was 57.9%, an increase of 3.9 percentage points from the previous month. Among them, the expected index of production and operation activities of large, medium and small enterprises all increased significantly.
Henan Sanders Abrasives Co.,Ltd was founded in November 2016, is a professional manufacturer of emery cloth processing. Our company main products are: Radial Flap Disc,Flap Disc,Flap wheel,Flap Wheel with Shank,Abrasive Belt and Kinds of Fiberglass Backing Plate.With decades of technological innovation and honed, the company successfully developed and built Flap Wheel,Flap Disc production line and Fiberglass Backing Plate production line, successfully realized the large-scale production of abrasive polishing tools.
Our company sales network has been initially established throughout the countries and has been successfully exported to Europe, America, Southeast Asia and other regions. On the basis of guaranteeing the quality, with good reputation and good service, the company has won the extensive recognition of the colleagues in the industry.
Wechat Service
