2025年10月份制造业采购经理指数（PMI）49.0%

Manufacturing Purchasing Managers Index (PMI) in October 2025 49.0%

从企业规模看，大、中、小型企业PMI分别为49.9%、48.7%和47.1%，比上月下降1.1个、0.1个和1.1个百分点，均低于临界点。

In terms of enterprise scale, the PMIs of large, medium and small enterprises were 49.9%, 48.7% and 47.1% respectively, down 1.1, 0.1 and 1.1 percentage points from the previous month, all below the critical point.

从分类指数看，在构成制造业PMI的5个分类指数中，供应商配送时间指数位于临界点，生产指数、新订单指数、原材料库存指数和从业人员指数均低于临界点。

From the perspective of sub-indexes, among the five sub-indexes that make up the manufacturing PMI, the supplier delivery time index is at the critical point, while the production index, new order index, raw material inventory index and employee index are all lower than the critical point.

生产指数为49.7%，比上月下降2.2个百分点，表明制造业生产有所放缓。

The production index was 49.7%, down 2.2 percentage points from the previous month, indicating a slowdown in manufacturing production.

新订单指数为48.8%，比上月下降0.9个百分点，表明制造业市场需求有所回落。

The new orders index was 48.8%, down 0.9 percentage points from the previous month, indicating that the demand in the manufacturing market has declined.

原材料库存指数为47.3%，比上月下降1.2个百分点，表明制造业主要原材料库存量继续减少。

The raw material inventory index was 47.3%, down 1.2 percentage points from the previous month, indicating that the inventory of major raw materials in the manufacturing industry continued to decrease.

从业人员指数为48.3%，比上月下降0.2个百分点，表明制造业企业用工景气度小幅回落。

The employment index was 48.3%, down 0.2 percentage points from the previous month, indicating that the employment prosperity of manufacturing enterprises declined slightly.

供应商配送时间指数为50.0%，比上月下降0.8个百分点，位于临界点，表明制造业原材料供应商交货时间与上月基本持平。

The supplier delivery time index was 50.0%, down 0.8 percentage points from the previous month, and was at the critical point, indicating that the delivery time of manufacturing raw material suppliers was basically the same as last month.