Chief statistician Holly Ho of the Service Industry Survey Center of the National Bureau of Statistics: The development trend of new momentum continues to improve.

Chief statistician Huo Lihui of the National Bureau of Statistics Service Industry Survey Center interprets the China Purchasing Managers Index. The development trend of new momentum continues to improve. The PMIs for high-tech manufacturing and equipment manufacturing were 52.9% and 52.1% respectively, up by 0.7 and 0.3 percentage points from the previous month, both consistently above the critical point. In particular, the PMI for high-tech manufacturing has been in the expansion zone for 16 consecutive months, with related industries maintaining good growth momentum and the leading role of new momentum continuing to manifest. The PMIs for the consumer goods industry and high-energy-consuming industries were 49.7% and 47.1% respectively, down by 1.0 and 0.8 percentage points from the previous month, indicating a slight weakening of market activity. Price index remains volatile at high levels. The purchasing price index for major raw materials and the factory gate price index were 60.5% and 51.9% respectively, down by 3.2 percentage points from the previous month but still at relatively high levels. Both indexes have been in the expansion zone for five consecutive months, indicating an overall increase in market prices in the manufacturing industry. In terms of industries, the price indexes for industries such as textiles, chemical fibers and rubber and plastic products, and black metal smelting and rolling processing have been above 55.0% for three consecutive months, with the overall level of purchase and sale prices in related industries continuing to rise.