In June, the manufacturing purchasing managers index was 50.2%, an increase of 0.6 percentage points from the previous month, returning to above the critical point, and the manufacturing industry resumed expansion.

1, China Manufacturing Purchasing Managers Index Operation Status

html In June, the manufacturing purchasing managers index (PMI) was 50.2%, an increase of 0.6 percentage points from the previous month, returning to above the critical point, and the manufacturing industry was recovering and expanding.

In terms of enterprise size, the PMI of large enterprises was 50.2%, down 0.8 percentage points from the previous month, and still higher than the critical point; the PMI of medium-sized enterprises was 51.3%, up 1.9 percentage points from the previous month, returning to above the critical point; small enterprises The PMI was 48.6%, an increase of 1.9 percentage points from the previous month and still below the critical point.

Looking at the sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index, new order index and supplier delivery time index are all higher than the critical point, while the raw material inventory index and employee index are all lower than the critical point. The

production index was 52.8%, an increase of 3.1 percentage points from the previous month, returning to above the critical point, indicating that manufacturing production is recovering at an accelerated pace. The

new order index was 50.4%, an increase of 2.2 percentage points from the previous month, returning to above the critical point, indicating that the manufacturing market demand has improved. The raw material inventory index of

was 48.1%, an increase of 0.2 percentage points from the previous month, indicating that the decline in the inventory of major raw materials in the manufacturing industry continued to narrow.

The employment index was 48.7%, an increase of 1.1 percentage points from the previous month, indicating that the employment boom level of manufacturing enterprises has rebounded for two consecutive months. The

supplier delivery time index was 51.3%, an increase of 7.2 percentage points from the previous month, returning to above the critical point, indicating that the delivery time of manufacturing raw material suppliers has significantly accelerated compared with the previous month.

2. The operation of China's non-manufacturing purchasing managers' index

html In June, the non-manufacturing business activity index was 54.7%, an increase of 6.9 percentage points from the previous month, returning to the expansion range. The non-manufacturing business boom level has rebounded significantly for two consecutive months.

Looking at different industries, the business activity index of the construction industry was 56.6%, an increase of 4.4 percentage points from the previous month. The service industry business activity index was 54.3%, an increase of 7.2 percentage points from the previous month. From the perspective of industry conditions, the business activity index of retail, railway transportation, road transportation, air transportation, postal , monetary and financial services, capital market services and other industries is above 55.0%; the business activity index of real estate, residential services and other industries continues to be below the critical level point.

The new order index was 53.2%, an increase of 9.1 percentage points from the previous month, returning to above the critical point, indicating that non-manufacturing market demand is picking up. In terms of industries, the new orders index of the construction industry was 50.8%, an increase of 4.4 percentage points from the previous month; the new orders index of the service industry was 53.7%, an increase of 10.0 percentage points from the previous month.

The input price index was 52.6%, an increase of 0.1 percentage points from the previous month and higher than the critical point, indicating that the overall level of input prices used by non-manufacturing enterprises for business activities has increased compared with the previous month. In terms of industries, the input price index of the construction industry was 48.7%, a decrease of 3.7 percentage points from the previous month; the input price index of the service industry was 53.3%, an increase of 0.8 percentage points from the previous month. The

sales price index was 49.6%, an increase of 0.2 percentage points from the previous month and below the critical point, indicating that the overall level of non-manufacturing sales prices has narrowed. In terms of industries, the sales price index of the construction industry was 50.3%, a decrease of 1.2 percentage points from the previous month; the sales price index of the service industry was 49.5%, an increase of 0.5 percentage points from the previous month.

The employment index was 46.9%, an increase of 1.6 percentage points from the previous month, indicating that the employment boom level of non-manufacturing enterprises has improved. In terms of industries, the employee index in the construction industry was 48.3%, an increase of 2.8 percentage points from the previous month; the employee index in the service industry was 46.6%, an increase of 1.3 percentage points from the previous month. The

business activity expectation index was 61.3%, an increase of 5.7 percentage points from the previous month and higher than the critical point, indicating that non-manufacturing companies have significantly increased confidence in the recent recovery and development of the industry. Looking at different industries, the construction industry business activity expectation index was 63.1%, an increase of 5.2 percentage points from the previous month; the service industry business activity expectation index was 61.0%, an increase of 5.8 percentage points from the previous month.

3. The operation of China's comprehensive PMI output index

html In June, the comprehensive PMI output index was 54.1%, an increase of 5.7 percentage points from the previous month, indicating that the overall production and operation of my country's enterprises showed restorative expansion.

Source: China Economic Network