China's PMI was 50.3 Percent in July
By CnAgri
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Department of Service Statistics of NBS
China Federation of Logistics and Purchases (CFLP)
In July, China's manufacturing purchasing managers index (PMI) was 50.3 percent, up by 0.2 percentage point month-on-month.
In view of the sizes of enterprises, the PMI of large-sized enterprises was 50.8 percent, up by 0.4 percentage point month-on-month; that of medium-sized enterprises was 49.6 percent, down by 0.2 percentage points month-on-month; that of small-sized enterprises was 49.4 percent, up by 0.5 percentage points month-on-month.
In July, for five sub-indices constituting PMI, four of them increased, while one of them decreased.
Production index was 52.4 percent, increased 0.4 percentage points month-on-month.
New orders index was 50.6 percent, increased 0.2 percentage points month-on-month, and stayed above the threshold. In addition, the survey results showed that the export and import orders index was 49.0 and 48.4 percent respectively, up by 1.3 and 0.5 percentage points over the previous month, staying below the threshold.
Main raw materials inventory index was 47.6 percent, increased 0.2 percentage point over last month.
Employed person index was 49.1 percent, increased 0.4 percentage point month-on-month, and stayed below the threshold for 14 consecutive months.
Supplier delivery time index was 50.1 percent, 0.2 percentage point lower than that in last month, and stayed close to the threshold.
Main raw material purchase price index was 50.1 percent, an increase of 5.5 percentage point month-on-month, stayed back above the threshold.
Production and business activities expectation index was 56.4 percent, up by 2.3 percentage points over last month, ending a three-month downward trend, indicating that the proportion of manufacturing companies that are optimistic about the expectation of production and business activities in the next three months is increased.
