2024年12月制造业与建筑业数据解读：原材料采购量增长，新订单指数进入扩张区间
2024年12月制造业与建筑业数据解读：原材料采购量增长，新订单指数进入扩张区间
December 2024 Manufacturing & Construction Data Analysis: Raw Material Procurement Rises as New Orders Enter Expansion Zone
最新经济数据显示，2024年12月中国制造业保持稳定增长态势，建筑业景气水平显著回升。国家统计局发布的采购经理指数(PMI)报告揭示了行业最新发展趋势。
Latest economic data shows China's manufacturing sector maintained steady growth in December 2024, with construction industry sentiment improving significantly. The Purchasing Managers' Index (PMI) report released by the National Bureau of Statistics reveals the latest industry trends.
制造业关键指标分析 | Key Manufacturing Indicators Analysis
12月制造业PMI为50.1%，连续三个月位于荣枯线以上。值得注意的是：
December manufacturing PMI stood at 50.1%, remaining above the boom-bust line for three consecutive months. Key highlights:
- 采购量指数上升0.5个百分点至51.5% | Procurement volume index rose 0.5 percentage points to 51.5%
- 新订单指数增长0.2个百分点至51.0% | New orders index increased 0.2 percentage points to 51.0%
- 中型企业PMI自5月以来首次进入扩张区间 | Medium-sized enterprises PMI entered expansion zone for first time since May
建筑业强势反弹 | Construction Sector Rebounds Strongly
建筑业PMI从11月的49.7%大幅回升至53.2%，主要得益于：
Construction PMI rebounded sharply from 49.7% in November to 53.2%, mainly due to:
- 新订单指数达到51.4%，为2024年初以来首次扩张 | New orders index reached 51.4%, first expansion since early 2024
- 市场需求明显增强 | Market demand significantly strengthened
高频经济活动指数(YHEI)表现 | High-Frequency Economic Activity Index Performance
2024年12月31日YHEI指数为1.13，较前一周上升0.10，主要推动因素包括：
As of December 31, 2024, YHEI index was 1.13, up 0.10 from previous week, mainly driven by:
- 沿海煤炭运价指数达2023年以来最高水平 | Coastal coal freight index hit highest level since 2023
- 30城市商品房销售指数回升至0.90 | 30-city commercial housing sales index recovered to 0.90
行业专家观点 | Industry Expert Insights
第一财经研究院研究员李嘉怡分析指出："12月数据显示制造业保持稳定扩张，特别是原材料采购量持续增长，表明企业对未来市场持乐观态度。建筑业的快速复苏尤为亮眼，新订单进入扩张区间将带动2025年一季度相关产业链发展。"
Li Jiayi, researcher at Yicai Research Institute, analyzed: "December data shows manufacturing maintained steady expansion, particularly the continuous growth in raw material procurement, indicating corporate optimism about future markets. The construction sector's rapid recovery stands out, with new orders entering expansion zone expected to drive related industrial chain development in Q1 2025."
数据来源：国家统计局、第一财经研究院 | Data sources: National Bureau of Statistics, Yicai Research Institute