The Purchasing Managers' Index for China's manufacturing industry in August was 49.8%, an increase of 0.6 percentage points from the previous month.

Huo Lihui, Chief Statistician of the Service Industry Survey Center of the National Bureau of Statistics, introduced that among the 21 industries surveyed, the Purchasing Managers' Index of 16 industries has increased compared to last month, and the prosperity of the manufacturing industry has significantly improved.

Specifically, the manufacturing industry's production and demand sectors expanded synchronously, with the production index and new order index reaching 50.4% and 50.6%, respectively, up 0.5 and 2.1 percentage points from the previous month. Domestic demand has significantly rebounded, and foreign market demand has also improved.

He Hui, Vice President of the China Federation of Logistics and Purchasing, introduced that in August, the domestic and international market demand for the manufacturing industry expanded, and the new order index and new export order index both increased significantly year-on-year and month on month. The month on month change in market demand was better than the same period last year, indicating that the policy side is strengthening and effectively enhancing the driving force of economic development.

To sum up, affected by extreme weather such as high temperature, typhoon, rainstorm and flood, the purchasing managers' index of the manufacturing industry was still below 50% in August. However, with the policy of expanding domestic demand taking better effect, the guiding and driving effect of investment within the central budget was further revealed. 109 major projects and the planning and construction of the "six networks" entered the stage of acceleration. In addition to the steady release of summer consumption and the rise of international market demand, the index rebounded significantly from the previous month, indicating that the manufacturing industry was operating steadily and the prosperity level was significantly improved.