China's manufacturing PMI slightly rebounded in June

The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on June 30. In June, the Purchasing Managers'Index (PMI) of China's manufacturing industry was 49%, up 0

The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on June 30. In June, the Purchasing Managers'Index (PMI) of China's manufacturing industry was 49%, up 0.2 percentage points from the previous month; The non manufacturing business activity index and the comprehensive PMI output index were 53.2% and 52.3% respectively, a decrease of 1.3 and 0.6 percentage points compared to the previous month, but they continue to be in the expansion range, indicating that China's economy is maintaining a recovery and development trend.

"In June, the manufacturing PMI rebounded slightly, 12 of the 21 industries surveyed rose month on month, 4 more than last month, and the overall prosperity level of the manufacturing industry improved," said Zhao Qinghe, senior Statistician of the Service Industry Survey Center of the National Bureau of Statistics.

Both production and demand indices have rebounded. In June, the production index was 50.3%, an increase of 0.7 percentage points compared to the previous month, returning to the expansion range, and the production activities of manufacturing enterprises have accelerated; The new order index was 48.6%, an increase of 0.3 percentage points compared to the previous month.

Large enterprise PMI returns to expansion range. In June, the PMI of large enterprises was 50.3%, an increase of 0.3 percentage points compared to the previous month. Especially, the production index and new order index have been above the critical point for two consecutive months, and production and demand continue to grow, which has a significant driving effect on the PMI of the manufacturing industry this month; The PMI of medium-sized enterprises was 48.9%, an increase of 1.3 percentage points compared to the previous month, indicating an improvement in the economic level; The PMI of small enterprises was 46.4%, a decrease of 1.5 percentage points from the previous month.

Some key industries continue to expand. In June, the PMI of the equipment manufacturing industry and high-tech manufacturing industry were 50.9% and 51.2%, respectively, an increase of 0.5 and 0.7 percentage points compared to the previous month, both of which have rebounded for two consecutive months, and the expansion of the industry has increased; The PMI of the consumer goods industry is 50.7%, indicating stable industry operation; The PMI of high energy consuming industries was 46.6%, an increase of 0.8 percentage points compared to the previous month.

Industry insiders have pointed out that as a leading indicator of economic operation, the manufacturing PMI has slightly increased, indicating the continuation of the economic recovery trend and the continuous consolidation of the recovery foundation. However, it should also be noted that the pressure of demand contraction is still prominent. According to enterprise surveys, 61.1% of enterprises reported insufficient market demand in June, an increase of 2.3 percentage points compared to the previous month. The new export order index decreased by 0.8 percentage points compared to the previous month, marking the fourth consecutive month of decline.

According to Xinhua News Agency

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