The market’s expectation for the recovery and development of manufacturing industry is generally stable.

　　CCTV News:On October 31st, the Purchasing Managers Index (PMI) of China’s manufacturing industry in October jointly released by the National Bureau of Statistics and China Federation of Logistics and Purchasing was 49.2%, which was lower than that of last month, mainly due to the decline of energy-intensive industries and other factors, but the manufacturing industry was generally stable.

　　In October, the purchasing managers’ index of China’s manufacturing industry was 49.2%. Of the 21 industries surveyed, 11 industries were in the expansion zone, and the manufacturing boom was generally stable. Among them, the production index and new order index of agricultural and sideline food processing, oil, coal and other fuel processing, medicine, automobile manufacturing and other industries were all in the expansion range for two consecutive months, and production and demand maintained growth. It is worth noting that the index of purchasing managers in high energy-consuming industries fell to the contraction range, which is one of the main reasons for the decline of manufacturing prosperity in October. Judging from the market expectation, most industries are expected to be stable, indicating that the market’s expectation for the recovery and development of manufacturing industry is generally stable.

　　In addition, the business activity index of non-manufacturing industry was 48.7% in October, and the recovery of non-manufacturing industry slowed down due to factors such as epidemic disturbance. However, related consumption support policies such as halving the automobile purchase tax, going to the countryside for home appliances, exchanging old ones for new ones, and issuing coupons continue to play a role in stabilizing consumption, and the service industry is expected to heat up. Among them, driven by factors such as the approaching of the "Double Eleven" promotion activities, the expected indexes of business activities in postal services, internet software and information technology services are all in the high boom range of more than 60%. In addition, the construction industry is still at a high level of prosperity, and the expansion of production activities in the industry has accelerated.