8 月PMI 为49.4%，较上月上升0.4 个百分点。受国内疫 情反复、高温极端天气、国外主要经济体增长放缓等因素的影 响，本月制造业PMI 仍处于收缩区间。同时，得益于国内稳增 长政策的加码，制造业景气水平较上月有所回升。

1. 8 月制造业PMI 为49.4%..........................................................................................................................................................................3

2. 内外需均有所改善.....................................................................................................................................................................................3

3. 制造业生产持平，市场预期回升 ..........................................................................................................................................................5

4. 价格指数低位回升.....................................................................................................................................................................................6

5. 风险提示.......................................................................................................................................................................................................6