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The development index has declined, and the foundation for the recovery of small and medium-sized enterprises needs to be stabilized

Dec 19, 2022 888 Previewers
Recently, the reporter learned from the China Association of Small and Medium Enterprises that since November, the domestic epidemic situation has been frequent and sporadic, the flow of people and logistics has been hindered, market uncertainty has increased, and the downward pressure on the economy has increased. The foundation for the recovery of small and medium-sized enterprises needs to be stabilized.
Data show that in November, the Small and Medium Enterprise Development Index (SMEDI) was 88.1, down 0.1 points from the previous month, and has gradually declined since June, lower than the same period in 2021. The sub-indices had 2 flats and 6 declines, and the sub-industry indexes had 1 rise, 1 level and 6 declines, and the decline has expanded. Among the many industries with declining indexes, the most obvious declines are the construction industry and information transmission computer service software industry index. Only the wholesale and retail industry index close to people's livelihood rose; the macroeconomic perception index and capital index in the sub-indices were flat. Some industries are greatly affected by the epidemic, the market demand is weak, corporate profits are under pressure, and investment willingness is insufficient. In addition, in general, the operating rate of small and medium-sized enterprises has dropped, and the rate of resumption of production and production capacity needs to be improved urgently.
The 8 sub-industry indexes 1 rose, 1 fell and 6 fell. Affected by the epidemic, the indexes of most industries have declined, especially the transportation and contact services industries. The indexes of industry, construction, transportation, postal and warehousing changed from up to down, the indexes of real estate, information transmission, computer service software, and accommodation and catering industries continued to decline, the index of social services turned from down to flat, and the index of wholesale and retail trade turned from flat to up. From the perspective of prosperity, the eight sub-industry indexes are all below the threshold of 100.
8 sub-indices, 2 flat and 6 down. The market, cost, labor force and benefit index changed from rising to falling, the comprehensive operation and input index continued to decline, the macroeconomic feeling index turned from rising to flat, and the capital index turned from falling to flat. From the perspective of prosperity, the capital index and labor index are above the critical value of 100, the cost index is still in the recession range, and the macroeconomic perception index, comprehensive operation index, market index, input index and benefit index are all below the critical value of 100. The benefit index has been at the lowest position.
From the perspective of the SME development index, the current operation of SMEs presents the following main characteristics:
Enterprise development confidence needs to be consolidated. After the introduction of the "New Twenty Measures" for epidemic prevention and control, the understanding and implementation of the measures are inconsistent in different regions, the unstable and uncertain factors in the market environment have increased, and the development confidence of enterprises has been affected and impacted. In November, the macroeconomic sentiment index reflecting business confidence was 96.5, unchanged from the previous month. In terms of details, the macro-feeling index was 101.2, down 0.1 points from the previous month, higher than the prosperity threshold of 100; the industry operation index was 91.7, the same as the previous month.
Market expectations need to be boosted. Due to the repeated impact of the epidemic, sluggish domestic and foreign demand, and increasing downward pressure on the economy, market expectations have declined. In November, the market index was 80.1, down 0.2 points from the previous month. Among the 8 industries surveyed, the sales volume of 5 industries, the order index and sales price index of 4 industries all decreased.
Costs have come down, but remain high. Affected by geopolitics, the prices of energy and bulk commodities in the international market are still high; due to the interest rate hike by the Federal Reserve, the risk of world economic recession has risen, raw material prices have fluctuated, small and medium-sized enterprises are at the end of the industrial chain, and domestic labor costs have risen rigidly, cost pressures No reduction. In November, the cost index was 112.6, a decrease of 0.2 points from the previous month, and it was still in the stagnant range, indicating that the cost pressure was still relatively large.
Financial tensions eased. The central bank has taken multiple measures to "precisely drip-irrigate" small and medium-sized enterprises, and the effect has begun to show; the central bank has recently lowered the reserve requirement ratio to release liquidity, and the tight cash flow of enterprises has improved. In November, the capital index was 100.8, which was the same as that of the previous month, and was above the critical value of 100 for the prosperity. The liquidity index was 85.3, unchanged from the previous month; the financing index was 90.6, an increase of 0.1 points from the previous month. Among the 8 industries investigated, the financing index of 5 industries increased, and the accounts receivable of 5 industries decreased.
Supply and demand in the labor market are generally stable. With the implementation of a series of policies to stabilize employment and protect people's livelihood, the labor force index continues to be in the booming range. In November, the labor force index was 105.5, down 0.1 point from the previous month. With the recurrence of the epidemic, enterprises shut down work and production, the flow of people and logistics is not smooth, and the labor supply has been affected. The temporary labor demand of some enterprises has increased, which has driven the demand index to rise slightly.
The performance of enterprises is still not good. Although the price of raw materials has dropped recently, small and medium-sized enterprises purchased goods when prices were high in the first half of the year. At present, prices and costs are inverted, and market demand is insufficient, and corporate profits continue to decline. In November, the efficiency index was 73.1, down 0.2 points from the previous month, and still at a historically low level. Among the 8 industries investigated, the efficiency index of 5 industries declined. Enterprises are not willing to invest.
Difficulties in production and operation of enterprises, decline in profitability, and concerns about future prospects affect the willingness to invest in expanding reproduction. In November, the input index was 81.5, down 0.2 points from the previous month.
Indexes in the eastern and western regions rose slightly from their lows. In November, the indexes for the East, Central, West and Northeast regions were 88.4, 89.2, 87.2 and 80.5 respectively. The indexes in the eastern and western regions both increased by 0.1 points from the previous month; the indexes in the central and northeastern regions decreased by 0.1 and 0.2 points respectively.
The China Association of Small and Medium Enterprises stated that in general, due to the frequent outbreaks of epidemics in various places in November, the momentum of economic recovery is still weak, and the difficulties of the real economy have intensified. In particular, small and medium-sized enterprises are facing more difficulties and greater pressure, such as poor supply and demand cycle, weak expectations, insufficient orders, arrears of accounts, declining profits, financing difficulties, and production failure.
The China Association of Small and Medium Enterprises believes that the current is a critical time to consolidate the economic stability and upward foundation, and we must hold fast to maintain the continued recovery of the economy and create good conditions for a good start to the economy next year. It is necessary to further clarify the direction and connotation of epidemic prevention and control policies, unify local prevention and control standards and implementation efforts, and strive to stabilize and enhance market expectations. It is necessary to thoroughly implement a package of policy measures to stabilize the economy, stabilize employment and prices, keep the economy operating within a reasonable range, and strive to achieve better results. It is necessary to continuously optimize the business environment, stimulate the vitality of market entities, continue to ensure the smooth flow of transportation and logistics, strengthen the confidence of small and medium-sized enterprises in the development, and drive social capital investment, including private enterprises. It is necessary to continue to increase financial support for the real economy, especially inclusive credit for small and micro enterprises and bond issuance by private enterprises, so as to effectively reduce the burden on small and medium-sized enterprises. It is necessary to strengthen supervision and inspection to ensure that a package of policies and measures for stabilizing the economy is implemented and brought into full play, and resolutely prevent the prevention and control of the epidemic at the grassroots level from one size fits all, and increase the scale at each level. , Symptomatic measures.
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