MKD041B-144-KG1-KN INDRAMAT

Logistics has not yet returned to normal.In May,the supplier supply time index continued to be significantly lower than the line of prosperity and decline.Although it was better than the previous month,it was still the second lowest after the first round of epidemic prevention and control in March 2020.Consistent with the trend of output,manufacturing purchases also continued to decline,the decline narrowed from the previous month;given weak demand,companies intend to reduce inventories,and both finished goods and purchased inventories fell moderately.

物流仍未恢复正常，5月供应商供应时间指数继续大幅低于荣枯线，虽好于上月，但仍为2020年3月首轮疫情防控后次低。与产出走势一致，制造业采购量也继续下降，降幅较上月收窄；鉴于需求疲弱，企业有意减少库存，产成品和采购库存量均温和下降。