中(zhong)(zhong)國(guo)物流與(yu)采(cai)購聯合(he)會、國(guo)家統(tong)計局(ju)服務業調查中(zhong)(zhong)心發布的2025年4月(yue)份中(zhong)(zhong)國(guo)制造業采(cai)購經理指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)（PMI）為(wei)49%，比(bi)上(shang)月(yue)下(xia)降(jiang)1.5個百分(fen)(fen)點。從企(qi)業規模(mo)來看，大型(xing)(xing)企(qi)業PMI為(wei)49.2%，比(bi)上(shang)月(yue)下(xia)降(jiang)2個百分(fen)(fen)點；中(zhong)(zhong)型(xing)(xing)企(qi)業PMI為(wei)48.8%，比(bi)上(shang)月(yue)下(xia)降(jiang)1.1百分(fen)(fen)點；小型(xing)(xing)企(qi)業PMI為(wei)48.7%，比(bi)上(shang)月(yue)下(xia)降(jiang)0.9個百分(fen)(fen)點。從13個分(fen)(fen)項(xiang)指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)來看，同上(shang)月(yue)相比(bi)，生(sheng)產指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、新訂單指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、新出(chu)口訂單指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)積壓訂單指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、產成品庫存指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、采(cai)購量(liang)指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、進口指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、購進價格(ge)指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、出(chu)廠價格(ge)指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、原材料庫存指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、從業人員指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)、供應商配送時間指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)和生(sheng)產經營活動(dong)預期指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)均下(xia)降(jiang)，指(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)(zhi)數(shu)降(jiang)幅在(zai)0.1至5.5個百分(fen)(fen)點之間。

4月份PMI出(chu)現(xian)明(ming)(ming)顯(xian)(xian)(xian)回(hui)落，且回(hui)到榮(rong)枯線(xian)之(zhi)下，表(biao)明(ming)(ming)經濟(ji)底部回(hui)升態勢(shi)仍(reng)(reng)有較大(da)不(bu)穩定性。新訂(ding)單(dan)指(zhi)數、新出(chu)口(kou)訂(ding)單(dan)指(zhi)數出(chu)現(xian)明(ming)(ming)顯(xian)(xian)(xian)回(hui)落，表(biao)明(ming)(ming)外部環境復雜變化引起的(de)(de)需(xu)(xu)(xu)求(qiu)收縮傾向(xiang)有所顯(xian)(xian)(xian)現(xian)，必須高度重視。反映需(xu)(xu)(xu)求(qiu)不(bu)足的(de)(de)企(qi)業(ye)(ye)(ye)占比仍(reng)(reng)然很(hen)高，需(xu)(xu)(xu)求(qiu)不(bu)足問題仍(reng)(reng)很(hen)突出(chu)。受市(shi)(shi)場(chang)(chang)供大(da)于求(qiu)影(ying)響(xiang)(xiang)(xiang)，價格水平走低(di)，購進(jin)價格和出(chu)廠價格指(zhi)數均明(ming)(ming)顯(xian)(xian)(xian)下降且位(wei)于榮(rong)枯線(xian)之(zhi)下。市(shi)(shi)場(chang)(chang)供求(qiu)關系現(xian)狀及相(xiang)關價格走勢(shi)，對市(shi)(shi)場(chang)(chang)預期影(ying)響(xiang)(xiang)(xiang)明(ming)(ming)顯(xian)(xian)(xian)，對企(qi)業(ye)(ye)(ye)、居(ju)民等(deng)市(shi)(shi)場(chang)(chang)主體的(de)(de)投(tou)(tou)資(zi)、消(xiao)費(fei)行為影(ying)響(xiang)(xiang)(xiang)明(ming)(ming)顯(xian)(xian)(xian)。生(sheng)產指(zhi)數、采購量指(zhi)數等(deng)明(ming)(ming)顯(xian)(xian)(xian)回(hui)落，表(biao)明(ming)(ming)市(shi)(shi)場(chang)(chang)引導的(de)(de)經濟(ji)下行壓(ya)力(li)仍(reng)(reng)然較大(da)。要加(jia)(jia)緊實(shi)施更加(jia)(jia)積極有為的(de)(de)宏(hong)觀經濟(ji)政策(ce)，特別(bie)要顯(xian)(xian)(xian)著(zhu)加(jia)(jia)大(da)政府公共(gong)產品(pin)投(tou)(tou)資(zi)力(li)度，顯(xian)(xian)(xian)著(zhu)擴大(da)市(shi)(shi)場(chang)(chang)需(xu)(xu)(xu)求(qiu)，增加(jia)(jia)企(qi)業(ye)(ye)(ye)訂(ding)單(dan)；帶動(dong)企(qi)業(ye)(ye)(ye)生(sheng)產投(tou)(tou)資(zi)活(huo)躍，就業(ye)(ye)(ye)形勢(shi)改善，居(ju)民收入增長加(jia)(jia)快(kuai)。依靠政府公共(gong)產品(pin)、公共(gong)服(fu)務投(tou)(tou)資(zi)力(li)度顯(xian)(xian)(xian)著(zhu)加(jia)(jia)大(da)，使企(qi)業(ye)(ye)(ye)投(tou)(tou)資(zi)和居(ju)民消(xiao)費(fei)顯(xian)(xian)(xian)著(zhu)回(hui)暖(nuan)，帶動(dong)超(chao)大(da)規模(mo)國內市(shi)(shi)場(chang)(chang)需(xu)(xu)(xu)求(qiu)持續回(hui)升，著(zhu)力(li)鞏(gong)固(gu)增強經濟(ji)回(hui)升向(xiang)好的(de)(de)基(ji)礎和動(dong)能。

生(sheng)產指(zhi)數(shu)為(wei)(wei)(wei)49.8%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)2.8個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。新訂單指(zhi)數(shu)為(wei)(wei)(wei)49.2%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)2.6個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。新出口(kou)訂單指(zhi)數(shu)為(wei)(wei)(wei)44.7%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)4.3個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。積壓(ya)訂單指(zhi)數(shu)為(wei)(wei)(wei)43.2%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)2.4個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。產成品庫(ku)存指(zhi)數(shu)為(wei)(wei)(wei)47.3%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)0.7個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。采購量指(zhi)數(shu)為(wei)(wei)(wei)46.3%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)5.5個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。進口(kou)指(zhi)數(shu)為(wei)(wei)(wei)43.4%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)4.1個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。購進價格(ge)指(zhi)數(shu)為(wei)(wei)(wei)47%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)2.8個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。出廠價格(ge)指(zhi)數(shu)為(wei)(wei)(wei)44.8%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)3.1個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。原材料庫(ku)存指(zhi)數(shu)為(wei)(wei)(wei)47%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)0.2個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。從業人(ren)員指(zhi)數(shu)為(wei)(wei)(wei)47.9%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)0.3個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。供應商配(pei)送時間指(zhi)數(shu)為(wei)(wei)(wei)50.2%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)0.1個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。生(sheng)產經(jing)營活動預期指(zhi)數(shu)為(wei)(wei)(wei)52.1%，比(bi)(bi)上(shang)(shang)月(yue)(yue)下(xia)(xia)(xia)(xia)(xia)降(jiang)(jiang)(jiang)(jiang)(jiang)1.7個(ge)(ge)百(bai)(bai)(bai)分(fen)(fen)(fen)(fen)(fen)點(dian)(dian)。