通用设备月报：4月制造业PMI为49.0%，需求边际转弱

请务必阅读正文后的重要声明部分投资要点西 南证券研究院[Table_Author]分析师：邰桂龙执业证号：S1250521050002电话：021-58351893邮箱：tgl@swsc.com.cn分析师：周鑫雨执业证号：S1250523070008电话：021-58351893邮箱：zxyu@swsc.com.cn[Table_QuotePic]行 业相对指数表现数据来源：聚源数据基 础数据[Table_BaseData]股票家数行业总市值（亿元）37,225.19流通市值（亿元）36,258.16行业市盈率TTM沪深300市盈率TTM相 关研究[Table_Report]1.通用设备月报（0301-0331）：3月制造业PMI为50.5%，需求弱复苏(2025-04-08)2.通用设备月报（0101-0228）：需求向好，蓄势待发(2025-03-12)3.通用设备月报（1201-1231）：需求继续磨底，重视结构性机会(2025-01-08)[Table_Summary]个百分点。比+4.2%；工业企业营收累计同比+3.4%。量14.9万台，累计同比+26.0%。-21%-12%-2%7%17%26%24/524/724/924/1125/125/3机械设备沪深300 44331.812.4 目录1行情回顾.........................................................................................................................................................................................................12景气度跟踪.....................................................................................................................................................................................................23数据回顾.........................................................................................................................................................................................................44相关标的.........................................................................................................................................................................................................75风险提示.........................................................................................................................................................................................................7 请务必阅读正文后的重要声明部分 图目录图1：通用设备指数行情回顾.......................................................................................................................................................................1图2：通用设备指数行情回顾.......................................................................................................................................................................1图3：刀具景气度指数....................................................................................................................................................................................3图4：机床景气度指数....................................................................................................................................................................................3图5：叉车景气度指数....................................................................................................................................................................................3图6：注塑机景气度指数................................................................................................................................................................................3图7：工业机器人景气度指数.......................................................................................................................................................................3图8：工控景气度指数....................................................................................................................................................................................3图9：减速机景气度指数................................................................................................................................................................................4图10：空压机景气度指数..............................................................................................................................................................................4图11：2025年4月制造业PMI为49.0%（%）......................................................................................................................................4图12：2025年3月末社融存量同比增长8.4%（%）............................................................................................................................4图13：2025年3月M1同比+1.6%，M2同比+7.0%（%）..................................................................................................................5图14：2025年3月固定资产投资完成额累计同比+4.2%（%）.........................................................................................................5图15：2025年1-3月累计出口金额同比+5.8%（亿美元，%）..........................................................................................................5图16：2025年3月CPI同比-0.1%，PPI同比-2.5%（%）....................................................................................................................5图17：3月工业企业产成品存货同比+4.2%；工业企业营收累计同比+3.4%（%）.....................................................................6图18：2025年1-3月金切机床产量同比+20.5%（万台，%）............................................................................................................6图19：2025年3月日本机床订单额同比+11.4%（百万日元，%）..................................................................................................6图20：2025年3月叉车销量同比+11.5%..................................................................................................................................................7图21：2025年1-3月工业机器人产量同比+26%（台，%）...................................