On March 15, the National Bureau of Statistics released data showing that from January to February 2022, the added value of industrial enterprises above designated size increased by 7.5% year-on-year in real terms.
Among them, the manufacturing industry increased by 7.3%, while the added value of high-tech manufacturing and equipment manufacturing increased by 14.4% and 9.6% year-on-year, respectively, 6.9 and 2.1 percentage points faster than that of industries above designated size.
In terms of products, from January to February 2022, the output of new energy vehicles will be 809,000, a year-on-year increase of 150.5%; the output of industrial robots will be 76,381, an increase of 29.6%.
Manufacturing Purchasing Managers' Index remained stable
In February, the situation of enterprises resuming work and production after the holiday was good, the manufacturing PMI continued to run smoothly in the expansion range, the demand improved, the expectation was positive, and the prosperity level rebounded slightly. It mainly includes:
First, both supply and demand have grown. Affected by the Spring Festival holiday, the expansion of manufacturing production and business activities slowed down. The production index was 50.4%, down 0.5 percentage points from the previous month; the new orders index was 50.7%, up 1.4 percentage points from the previous month, returning to the expansion range, indicating that After the holiday, the release of market demand in the manufacturing industry has accelerated.
From the perspective of the industry, the production index and new order index of medicine, special equipment, automobile and other industries are both higher than 54.0%, indicating that the industry is developing rapidly; but the production index and new order index of non-metallic mineral products, ferrous metal smelting and rolling processing and other industries Both are lower than 46.0%, and the industry supply and demand are weak.
Second, the price index rose significantly. The purchasing price index and ex-factory price index of major raw materials were 60.0% and 54.1%, respectively, 3.6 and 3.2 percentage points higher than the previous month.
From the perspective of the industry, the two price indices of petroleum, coal and other fuel processing, non-ferrous metal smelting and rolling processing continued to be in the high range of over 60.0%, the procurement costs of raw materials in related industries continued to increase, and the sales prices of products rose rapidly at the same time.
Third, the adjustment of the industrial structure has been steadily advanced. The PMIs of high-tech manufacturing and equipment manufacturing were 53.1% and 51.4%, respectively, 1.2 and 1.1 percentage points higher than the previous month. They have been in the expansion range since March 2020, and new kinetic energy continued to exert force.
Fourth, enterprises are expected to continue to pick up. After the Spring Festival, the production activities of the manufacturing industry have gradually returned to normal. Recently, relevant departments have introduced a series of policies and measures to promote the steady growth of the industrial economy. The market expectations of enterprises have been further improved. to recent highs.
From the perspective of the industry, the production and operation activity expectations index of the 21 industries surveyed are all in the boom range, among which the non-ferrous metal smelting and rolling processing, automobile, electrical machinery and equipment and other industries have been in the high boom range of over 60.0% for two consecutive months. Enterprises in related industries Strong confidence in the recent market development.
Fifth, the prosperity level of large and medium-sized enterprises has increased. The PMIs of large and medium-sized enterprises were 51.8% and 51.4%, respectively, 0.2 and 0.9 percentage points higher than the previous month, and the prosperity level had increased; the PMI of small enterprises was 45.1%, 0.9 percentage points lower than the previous month, and the prosperity level had dropped from a low level. The resumption of work and production of small enterprises after the holiday is relatively lagging behind, and the pressure on production and operation is still relatively large.
Although the prosperity level of the manufacturing industry has rebounded, there are still many outstanding problems in the production and operation of enterprises. The proportion of enterprises that reflect high raw material costs, high labor costs, and financial constraints are 60.2%, 36.3%, and 32.0%, respectively, which are higher than the previous month. increased.
Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department, said: "In the next stage, it is still necessary to implement the tax and fee reduction policies to support the manufacturing industry and small and micro enterprises, and strengthen financing for industries severely affected by the epidemic. Support, reduce the production cost of enterprises, further promote innovation-driven, strengthen the main role of enterprises in innovation, strengthen key technology research, increase innovation tax incentives, maintain the stability of the industrial chain and supply chain, and promote the stable and healthy development of the industrial economy."