Manufacturing PMI fell below the boom and bust line for the first time and hit a two-year low
Time：2019-01-24 Read：605second
In December 2018, the PMI of manufacturing industry in China was 49.4%, down 0.6 percentage points from November. It was the first time since August 2016 that the PMI of manufacturing industry in China had fallen below the boom and bust line.
_New export orders and imports continue to be below the critical point and show a gradual downward trend, indicating that domestic demand is slowing down and external demand is still suppressed. At the same time, the sharp slowdown of raw material purchase price and factory price is the main reason for the decline of manufacturing PMI, which reflects the pessimistic expectation of global economic growth. Manufacturing production is expected to be further dragged down in the first quarter of 2019, with further signs of increasing downward pressure on the economy. In order to promote steady economic growth this year, both fiscal and monetary policies can be vigorous and fiscal policies can be more active. In particular, it is particularly important to strengthen policy support for small manufacturing enterprises and enhance their confidence.
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