In July, China's manufacturing PMI rose to the 49.3% range | Index | Manufacturing
Beijing, July 31 (Xinhua) - The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on July 31. In July, the Purchasing Managers' Index of China's manufacturing industry was 49.3%, an increase of 0.3 percentage points from the previous month.
"In July, the manufacturing PMI slightly rebounded for two consecutive months, with 10 out of the 21 surveyed industries in the expansion range, an increase of 2 compared to the previous month. The overall level of the manufacturing industry continued to improve," said Zhao Qinghe, senior statistician at the Service Industry Survey Center of the National Bureau of Statistics.
The production index continues to expand. In July, the production index was 50.2%, which was basically unchanged from the previous month and remained in the expansion range. The new order index was 49.5%, an increase of 0.9 percentage points from the previous month, indicating stable production and business activities in the manufacturing industry and an improvement in market demand.
The prosperity level of small enterprises has improved. In July, the PMI of large enterprises was 50.3%, which remained unchanged from the previous month and continued to be in the expansion range, significantly supporting the overall manufacturing industry. The production index of large enterprises and the new order index have been in the expansion range for 7 and 3 consecutive months, respectively, with production and demand maintaining growth. The PMI of medium-sized enterprises was 49%, an increase of 0.1 percentage points from the previous month; The PMI of small enterprises was 47.4%, an increase of 1 percentage point from the previous month, indicating an improvement in the economic situation.
The expected index has risen to a higher economic range. In July, the expected index of production and business activities was 55.1%, an increase of 1.7 percentage points from the previous month, indicating that with the introduction of a series of policies to promote the development and growth of the private economy, expand domestic demand, and promote consumption, positive factors for market development continue to increase, and corporate confidence has been enhanced.