The hottest China manufacturing PMI in June met ma

China's manufacturing PMI in June met market expectations

data released by the National Bureau of statistics and the Federation of logistics and purchasing on July 1 showed that the official Manufacturing Purchasing Managers' index (PMI) in June was 50, slightly lower than 50.1 in May, in line with market expectations. Data released by the National Bureau of statistics and the Federation of logistics and purchasing on July 1 showed that the official Manufacturing Purchasing Managers' index (PMI) in June was 50, slightly lower than 50.1 in May, in line with market expectations

according to the median expectation given by 13 economists surveyed by this newspaper, China's official manufacturing PMI may fall to 50.0 in June. A PMI index higher than 50 indicates expansion of manufacturing activity, while a PMI index lower than 50 indicates contraction

Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, believes that the PMI of manufacturing industry in June was 50.0, which was slightly lower than that of such materials by 0.1 a month, and was at the critical point. On the whole, it still showed the characteristics of stable production and further optimized structure

according to Zhao Qinghe, in terms of breakdown, production has increased steadily. The production index was 52.5, a slight increase of 0.2 over the previous month, rising for two consecutive months. In addition, the growth of high-tech manufacturing and equipment manufacturing accelerated. While some traditional industries with overcapacity have significantly fallen back, and the effect of capacity reduction has further emerged

Zhao Qinghe mentioned that at present, the domestic and foreign market demand continues to be weak, and the driving force for the development of the real economy is still insufficient. The new order index was 50.5, falling for three consecutive months; The purchase price index of major raw materials fell sharply to 51.3 for two consecutive months

affected by the weak world economic growth, the expectation of the US interest rate hike, the trade protection measures of Europe and the United States and other countries, and the brexit of the United Kingdom, the recent trend of foreign trade in manufacturing industry is weak. The new export order index was 49.6, falling for three consecutive months; The import index was 49.1, down 0.5 from the previous month, and was below the critical point for three consecutive months

in terms of the scale of sub enterprises, the PMI of large enterprises was 51.0, up 0.7 from the previous month, and continued to be higher than the critical point; The PMI of medium-sized enterprises was 49.1, down 1.4 from the previous month and below the critical point; The PMI of small enterprises was 47.4, down 1.2 from the previous month, and remained below the critical point. The PMI of small and medium-sized enterprises fell sharply, indicating that the difficulties in their production and operation are more prominent

according to the data jointly released by the National Bureau of statistics of China and the Federation of logistics and purchasing on July 1, the non manufacturing business activity index in June was 53.7, up 0.6 from the previous month. For two consecutive months, the development and utilization of rich resources in a variety of ways and means fell back and significantly increased, indicating that the pace of non manufacturing expansion has accelerated

the non manufacturing business activity index was 53.1 in May, slightly lower than 53.5 last month

Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, said that the expected index of business activities in June was 58.6, up 0.8 from the previous month, indicating that enterprises are optimistic about market expectations

Zhao Qinghe said that the service industry is generally stable and making progress. The business activity index was 52.2, up 0.2 from the previous month, and the growth rate of total business volume accelerated. The sales price index was 50.4, up 0.9 from the previous month, and rose above the critical point for the first time this year. The enterprise business can also be used to show the manufacturing activities of venues, commodity cabinets, advertising signs and toys. The expected index of manufacturing activities is 57.7, up 0.5 from the previous month, indicating that the market confidence of the service industry is relatively stable

the construction industry maintained rapid growth. Zhao Qinghe said that the business activity index and the new order index were 62.0 and 58.8 respectively, up 2.6 and 6.7 from the previous month, both of which were new highs this year

China's non manufacturing PMI system consists of business activity index, new order index, new export order index, on hand order index, inventory index, intermediate input price index, charge price index, and employee index K. machine size: about 720 × five hundred × 1900mm (length × wide × High), supplier delivery time index, business activity expectation index and other ten sub indexes. By convention, the business activity index is usually used to reflect the overall changes in the economic development of non manufacturing industries