Abstract In July, the official manufacturing PMI fell slightly, but remained in the expansion range. One of them, the production index and the new order index also fell. On July 31, the National Bureau of Statistics Service Industry Research Center and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index. Data display...
In July, the official manufacturing PMI fell slightly, but remained in the expansion range. One of them, the production index and the new order index also fell. On July 31, the National Bureau of Statistics Service Industry Research Center and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index. The data shows that the manufacturing PMI in July was 51.4%, which was a slight fluctuation of 0.3 percentage points from the previous month. It was basically the same as the average of the first half of the year. It has remained at the operating range of 51.0%-52.0% this year, and the overall trend is stable. Zhao Qinghe, senior statistician of the Service Industry Research Center of the National Bureau of Statistics, said that supply and demand continued to expand, but the growth rate slowed down. Due to the recent high temperatures and high temperatures in the country and heavy rains and floods in some areas, some enterprises have routinely overhauled their equipment and manufacturing activities have slowed down.
The production index and the new order index were 53.5% and 52.8%, respectively, down 0.9 and 0.3 percentage points from the previous month, but the difference between the two was significantly reduced, and the supply-demand relationship improved.
Imports and exports continued to grow, but the gains narrowed. The new export order index and import index were 50.9% and 51.1%, respectively, down 1.1 and 0.1 percentage points from the previous month, both of which were consecutively in the expansion range, with the import index being the second highest this year.
Enterprises continue to increase procurement efforts, and the price index has both risen. This month's purchase volume index was 52.7%, up from 0.2 percentage points last month, the second highest point of the year. The main raw material purchase price index and ex-factory price index were 57.9% and 52.7%, up 7.5 and 3.6 percentage points respectively from the previous month, and the ex-factory price index returned above the critical point.
Among them, the main raw material purchase price index and ex-factory price index of ferrous metal smelting and rolling processing industry climbed to a high level, which is the high point of this year. The market is expected to continue to improve. The expected index of production and operation activities was 59.1%, which was 0.4 percentage points higher than that of the previous month. It rose for three consecutive months, the second highest point of this year, which was 3.3 percentage points higher than the same period of last year, indicating that the company's confidence in future development is further enhanced.
The survey results show that due to factors such as overcapacity and structural adjustment, the PMI of the petroleum processing and coking industry and the non-metallic mineral products industry is in the contraction zone for three consecutive months, which is lower than the overall level of manufacturing. In addition, nearly 40% of enterprises report that labor costs are rising, and corporate labor cost pressure is still relatively large.
In terms of the size of the enterprise, the PMI of large enterprises was 52.9%, up 0.2 percentage points from the previous month and rebounded for two consecutive months. The PMI for small and medium-sized enterprises was 49.6% and 48.9%, down 0.9 and 1.2 percentage points respectively from the previous month.
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