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《經濟》中國4月RatingDog製造業PMI升至52.2 預期51
作為一個以單一數值概括製造業經濟運行狀況的綜合指標,經季節性調整,中國4月RatingDog製造業PMI升至52.2,高於市場預期的51,超過3月的50.8,連續第五個月保持在50.0榮枯線之上。最新讀數顯示,製造業景氣改善幅度顯著,為2020年12月以來最強。4月份,需求穩健、營運改善及新品問世,共同推動產出創下將近兩年來最高增速。擴張面廣泛,消費品製造類...
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《經濟》中國4月RatingDog製造業PMI升至52.2 預期51
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作為一個以單一數值概括製造業經濟運行狀況的綜合指標,經季節性調整,中國4月RatingDog製造業PMI升至52.2,高於市場預期的51,超過3月的50.8,連續第五個月保持在50.0榮枯線之上。最新讀數顯示,製造業景氣改善幅度顯著,為2020年12月以來最強。

4月份,需求穩健、營運改善及新品問世,共同推動產出創下將近兩年來最高增速。擴張面廣泛,消費品製造類尤其強勁。產出擴張,得益於新訂單加速增長,後者錄得將近五年來次高增速,幾乎追平2月份紀錄。

據製造商反映,新訂單增加的原因包括客戶需求增長、市況改善和創新產品問世。銷售渠道拓展,帶來進一步增長動能。新出口訂單量連續四個月保持增長,雖然其增速相比整體增速仍然偏低。

4月業界對未來一年明顯信心增強。生產預期較3月改善,且超過最近兩年的平均水平。基於市場需求上升、產品不斷創新、產能擴張和效率提升等因素,企業預期增長勢頭將會持續。業界的樂觀預期還包括新項目成功、業務開發和政策扶持。

經歷今年首季持續擴張後,用工量在4月趨向大致持平。消費品製造商增加用工,但中間品類和投資品類製造商的用工量有輕微下降。隨著新訂單增長,積壓業務量在4月繼續上升。不過,整體積壓率較3月輕微放緩,成品庫存大致保持平穩。

4月供應鏈壓力持續,主因原料持續短缺、交付受阻、投入品價格上升及地緣局勢緊張所致。成本壓力亦進一步上升,投入品價格錄得略逾四年來最高漲速。為應對需求上升,製造商連續第四個月增加採購,增速為過去一年來最強勁。投入品庫存已連續五個月上升,以此增強供應鏈韌性。(ta/u)

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