China Showed a Smooth Overall Manufacturing Trend in July
According to the Voice of China, "News and Newspaper Summary" reported that the National Bureau of Statistics yesterday (31) released in July, China Manufacturing Purchasing Managers Index (PMI) was 51.4%. Expert analysis, PMI, although slightly lower than last month, 0.3 percentage points, but for 10 consecutive months to maintain more than 51%, indicating that the overall trend of manufacturing industry stable.
China Logistics and Purchasing Federation Vice President Cai Jin analysis, the recent large-scale sustained high temperature throughout the country, in some areas suffered heavy rain and floods, some enterprises routine maintenance, manufacturing production activities have slowed. Production index and new orders index of 53.5% and 52.8%, respectively, down 0.9 and 0.3 percentage points from the previous month, but the difference between the two significantly reduced supply and demand has improved
Most of the industry is more than 50 such a level, reflecting the majority of the industry are in a moderate expansion period, smooth operation and steady rise of this trend is expected to still quite good, the expected index is 60, is also very High level. It is noteworthy that nearly four percent of enterprises to reflect the labor costs, corporate labor costs are still large
In July, the new export orders, input prices and sales price index rose by 1.6-2.3 percentage points in the individual indexes of China's non-manufacturing PMI. Non-manufacturing continues to grow at a faster pace, and quality is constantly improving, both in terms of structural changes and from employment, including market demand, remains stable.