The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on the 30th, showing that in April, the Purchasing Managers' Index (PMI) of China's manufacturing industry was 50.3%, a decrease of 0.1 percentage points from the previous month, and the overall prosperity level of the manufacturing industry was stable. Both ends of production and demand continue to expand. The production index is 51.5%, and the new order index is 50.6%, both of which continue to be above the critical point. Manufacturing enterprises' production and market demand continue to expand. Driven by factors such as continued expansion of production and demand, the purchasing willingness of enterprises has further strengthened, with a purchasing volume index of 51.1%, an increase of 0.2 percentage points from the previous month. The PMI of large, medium, and small enterprises is all in the expansion range. The PMI of large enterprises is 50.2%, which has been above the critical point for five consecutive months; The PMI of small and medium-sized enterprises was 50.5% and 50.1% respectively, up 1.5 and 0.8 percentage points from the previous month, both rising to the expansion range, indicating a significant rebound in the economic situation. From the perspective of key industries, the PMI for high-tech manufacturing and equipment manufacturing were 52.2% and 51.8%, respectively, an increase of 0.1 and 0.3 percentage points from the previous month. The development trend of related industries continues to improve; The PMI for the consumer goods industry is 50.7%, continuing to remain in the expansion range. Affected by factors such as the recent high volatility of some commodity prices, the main raw material purchase price index and factory price index are 63.7% and 55.1% respectively, continuing to be at their high levels in recent years, and the overall price level of the manufacturing market has risen significantly. From an industry perspective, the price indices for industries such as petroleum, coal, and other fuel processing, as well as chemical raw materials and products, have remained above 70.0% for two consecutive months. The prices of raw material procurement and product sales in related industries continue to rise. In addition, market expectations continue to strengthen. The expected index of production and operation activities is 54.5%, an increase of 1.1 percentage points from the previous month, and has rebounded for three consecutive months. (Looking into the New Era)