According to the survey data released by the China Federation of Logistics and Purchasing on the 1st, the China Manufacturing Purchasing Managers Index (PMI) was 53.3% in July, up 0.1 percentage points from the previous month.
The manufacturing PMI is a composite index that is weighted by five major diffusion indices in accordance with internationally accepted practices. Usually the PMI index is above 50%, reflecting the overall expansion of the economy; below 50%, reflecting the economic recession.
China's manufacturing PMI indices continued to rise steadily this month. Compared with the previous month, only the import index decreased by 1 percentage point; the new order index was flat; the other indexes all showed a slight increase, of which the purchase price index rose by 2.1 percentage points, approaching the 60% high point. Significantly; the production index, the new export order index, the backlog of orders index, the purchase volume index, etc. did not increase much, all within 1 percentage point.
In the 20 industries this month, 14 industries including ferrous metal smelting and rolling processing industry, communication equipment computer and other electronic equipment manufacturing, electrical machinery and equipment manufacturing industry were higher than 50%, especially in ferrous metal smelting and rolling processing industry. The highest, reaching more than 60%; transportation equipment manufacturing, textile industry, clothing and footwear manufacturing and fur and down products industry, etc., less than 50%.
In response to the survey of manufacturing purchasing managers in July, special analyst Zhang Liqun said: "The July PMI index indicates that the economic operation continues to pick up, which is consistent with the economic trend shown in the first half of the economic data. In the future, with domestic demand growth Accelerating, it is expected that the economy will continue to maintain its upward trend. Since November last year, the PMI index has continued to improve, and since March this year, it has remained above 50%. The PMI index better indicates the turning point of China's economic recovery. Changes, as time goes by and data accumulation, it is expected that this index will play an increasingly important role in predicting short-term economic trends in the future, especially in predicting the inflection of economic growth."
The new order index remained at a high level. The new order index for this month was 55.5%, which was the same as last month. In terms of industries, 14 of the 20 industries are higher than 50%, of which ferrous metal smelting and rolling processing industries, non-metallic mineral products industry and other five industries reach more than 60%; clothing and footwear manufacturing and fur down products Industry, transportation equipment manufacturing, textile industry and other six industries are less than 50%.
The new export order index continues to rise. The new export order index for this month was 52.1%, up 0.7 percentage points from the previous month. Among the 20 industries, 10 industries are higher than 50%, among which the petroleum processing and coking industry, non-metallic mineral products industry, tobacco products industry, paper printing and cultural and educational sporting goods manufacturing industry have reached more than 60%.
The production index rose steadily. The production index for this month was 57.3%, up 0.2 percentage points from the previous month. In terms of industries, among the 20 industries, only textiles, transportation equipment manufacturing, pharmaceutical manufacturing, wood processing and furniture manufacturing are less than 50%, and the remaining 16 industries are higher than 50%, among which ferrous metal smelting and The five industries, including rolling processing industry, electrical machinery and equipment manufacturing, have reached more than 60%.
The employee index rose slightly. This month's employee index was 50.8%, up 0.7 percentage points from the previous month. In terms of industries, 10 industries in the metal products industry, beverage manufacturing industry and non-metallic mineral products industry are higher than 50% in 20 industries; 10 industries such as textile industry, chemical fiber manufacturing and rubber plastic products industry are less than 50%. .
The purchase price index continues to climb. The purchase price index for this month was 59.9%, up 2.1 percentage points from the previous month. So far, the index has risen for eight consecutive months. In terms of industries, only 20 industries in the pharmaceutical manufacturing industry and wood processing and furniture manufacturing industry are less than 50%, and the remaining 18 industries are higher than 50%, including ferrous metal smelting and rolling processing industry and chemical fiber. The eight industries led by the manufacturing and rubber and plastic products industry, petroleum processing and coking industry have reached more than 60%, and the three industries headed by the industry are above 70%.
The manufacturing PMI is a composite index that is weighted by five major diffusion indices in accordance with internationally accepted practices. Usually the PMI index is above 50%, reflecting the overall expansion of the economy; below 50%, reflecting the economic recession.
China's manufacturing PMI indices continued to rise steadily this month. Compared with the previous month, only the import index decreased by 1 percentage point; the new order index was flat; the other indexes all showed a slight increase, of which the purchase price index rose by 2.1 percentage points, approaching the 60% high point. Significantly; the production index, the new export order index, the backlog of orders index, the purchase volume index, etc. did not increase much, all within 1 percentage point.
In the 20 industries this month, 14 industries including ferrous metal smelting and rolling processing industry, communication equipment computer and other electronic equipment manufacturing, electrical machinery and equipment manufacturing industry were higher than 50%, especially in ferrous metal smelting and rolling processing industry. The highest, reaching more than 60%; transportation equipment manufacturing, textile industry, clothing and footwear manufacturing and fur and down products industry, etc., less than 50%.
In response to the survey of manufacturing purchasing managers in July, special analyst Zhang Liqun said: "The July PMI index indicates that the economic operation continues to pick up, which is consistent with the economic trend shown in the first half of the economic data. In the future, with domestic demand growth Accelerating, it is expected that the economy will continue to maintain its upward trend. Since November last year, the PMI index has continued to improve, and since March this year, it has remained above 50%. The PMI index better indicates the turning point of China's economic recovery. Changes, as time goes by and data accumulation, it is expected that this index will play an increasingly important role in predicting short-term economic trends in the future, especially in predicting the inflection of economic growth."
The new order index remained at a high level. The new order index for this month was 55.5%, which was the same as last month. In terms of industries, 14 of the 20 industries are higher than 50%, of which ferrous metal smelting and rolling processing industries, non-metallic mineral products industry and other five industries reach more than 60%; clothing and footwear manufacturing and fur down products Industry, transportation equipment manufacturing, textile industry and other six industries are less than 50%.
The new export order index continues to rise. The new export order index for this month was 52.1%, up 0.7 percentage points from the previous month. Among the 20 industries, 10 industries are higher than 50%, among which the petroleum processing and coking industry, non-metallic mineral products industry, tobacco products industry, paper printing and cultural and educational sporting goods manufacturing industry have reached more than 60%.
The production index rose steadily. The production index for this month was 57.3%, up 0.2 percentage points from the previous month. In terms of industries, among the 20 industries, only textiles, transportation equipment manufacturing, pharmaceutical manufacturing, wood processing and furniture manufacturing are less than 50%, and the remaining 16 industries are higher than 50%, among which ferrous metal smelting and The five industries, including rolling processing industry, electrical machinery and equipment manufacturing, have reached more than 60%.
The employee index rose slightly. This month's employee index was 50.8%, up 0.7 percentage points from the previous month. In terms of industries, 10 industries in the metal products industry, beverage manufacturing industry and non-metallic mineral products industry are higher than 50% in 20 industries; 10 industries such as textile industry, chemical fiber manufacturing and rubber plastic products industry are less than 50%. .
The purchase price index continues to climb. The purchase price index for this month was 59.9%, up 2.1 percentage points from the previous month. So far, the index has risen for eight consecutive months. In terms of industries, only 20 industries in the pharmaceutical manufacturing industry and wood processing and furniture manufacturing industry are less than 50%, and the remaining 18 industries are higher than 50%, including ferrous metal smelting and rolling processing industry and chemical fiber. The eight industries led by the manufacturing and rubber and plastic products industry, petroleum processing and coking industry have reached more than 60%, and the three industries headed by the industry are above 70%.
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