Monthly Construction Market Development Data Report for April 2023

First, in April, the PMI of the construction

industry was 63.9%, down 1.7 percentage points from March, showing a slight downward trend at a high level, still in a high boom zone. The construction input price index was 48.1%, falling to the contraction range; the new order index, the sales price index and the business activity expectation index were still in the expansion range and further increased compared with the previous month.

Figure 1: Construction PMI Index Trend

Data Source: Cement Big Data ( https://data.ccement.com/ )

II. 2.1 Overall situation

of large bid-winning orders for construction projects

According to statistics, in April, the number of large bid-winning orders for construction projects nationwide (amounting to more than 50 million yuan, the same below) was 1636, an increase of 1.11% annually and 35.20% year-on-year. The total amount was 407.639 billion yuan, down 6.30% from the previous year and up 31.56% from the previous year.