财新PMI分析|关税战影响制造业景气 出口重现收缩、预期明显下降_财新PMI频道_财新网


April's Caixin China Manufacturing Purchasing Managers' Index (PMI) reveals a slowdown in manufacturing expansion, primarily due to the impact of retaliatory tariffs on exports and diminished business expectations.
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  【财新网】对等关税细节落地对出口和企业预期带来冲击,4月中国制造业扩张步伐放缓。

  4月30日公布的4月财新中国制造业采购经理人指数(PMI)录得50.4,低于上月0.8个百分点,为三个月来最低。

  国家统计局同日公布的4月制造业PMI录得49,较上月下降1.5个百分点,结束两个月的扩张,落入收缩区间。

  4月财新中国制造业PMI各分项指数,大都出现下降。其中生产指数在扩张区间微降,新订单指数降至七个月新低,但仍在扩张,显示供给继续好于需求;受对等关税影响,新出口订单指数骤降至2023年8月以来最低,明显低于荣枯线;生产经营预期指数在扩张区间降至2024年四季度以来新低,也是2012年4月有记录以来第三低,显示业界对全球贸易前景的担忧加剧;就业指数在上月短暂扩张后再次落入收缩区间;企业更多动用库存来生产和销售,原材料库存指数降至荣枯线下,产成品库存指数则在收缩区间微升。制造业价格仍然低迷,原材料购进价格指数连续两月位于收缩区间,降幅略有收窄,出厂价格指数在收缩区间持平。

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