They’re positive but given they’re directional not positional they indicate a still-weak recovery. Manufacturing is barely expanding:
From the perspective of enterprise scale, the PMI of large and medium-sized enterprises were 52.1% and 50.2% , up 0.5 and 1.4 percentage points from the previous month ; the PMI of small enterprises was 48.9% , down 1.9 percentage points from the previous month .
From the perspective of the classification index, among the five classification indexes that constitute the manufacturing PMI , the production index, new order index and supplier delivery time index are all higher than the critical point, and the raw material inventory index and the employee index are lower than the critical point.