China News Service, June 30, according to the National Bureau of Statistics website, on June 30, 2020, the Service Survey Center of the National Bureau of Statistics and China Federation of Logistics and Purchasing released the China Purchasing Managers Index. In response, Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, explained that the manufacturing purchasing managers index and the non-manufacturing business activity index rose steadily in June.

  Zhao Qinghe said that at present, according to the deployment of the Party Central Committee and the State Council, all regions and departments have done a good job in the "six stability" and implemented the "six guarantees" task, and strived to overcome the adverse impact of the new coronary pneumonia epidemic. it is good. In June 2020, the Manufacturing Purchasing Managers Index, Non-manufacturing Business Activity Index, and Composite PMI Output Index were 50.9%, 54.4%, and 54.2%, all higher than the previous month.

  Manufacturing purchasing managers index rebounded slightly

  In June, the manufacturing PMI was 50.9%, which was 0.3 percentage points higher than the previous month. Among the 21 industries surveyed, 14 industries had a PMI higher than the critical point, an increase of 5 from the previous month. The manufacturing industry recovered steadily, fundamentals Continue to improve. Main features of this month:

  First, both supply and demand continued to pick up. The production index and the new order index were 53.9% and 51.4%, up 0.7 and 0.5 percentage points from the previous month. The new order index rebounded for two consecutive months. From the perspective of the industry, the new order index and production index of manufacturing industries such as medicine, nonferrous metals, general equipment, electrical machinery and equipment are significantly higher than last month, the market demand has improved, and the enterprise's production momentum has increased.

  Second, the price index has increased. The main raw material purchase price index and ex-factory price index were 56.8% and 52.4% respectively, up 5.2 and 3.7 percentage points from the previous month, both of which were the highest points during the year. From the perspective of the industry, the two price indexes of upstream industries such as oil processing, steel, and nonferrous metals are both higher than last month, rising to a high of more than 60.0%.

  Third, the import and export index has improved. As major global economies have restarted their economies, China's manufacturing import and export index has rebounded at a low level this month, of which the new export order index is 42.6%, which is 7.3 percentage points higher than the previous month. Papermaking and printing, petroleum processing, general equipment, electrical machinery and equipment 7 manufacturing industries rebounded by more than 10.0 percentage points; the import index was 47.0%, an increase of 1.7 percentage points from the previous month. Six manufacturing industries, including petroleum processing, chemical raw materials, chemical fibers, rubber, plastics, and automobiles, were above the critical point.

  Fourth, corporate confidence is basically stable. Although the expected index of production and operating activities fell slightly, it still reached 57.5%, indicating that manufacturing companies are more optimistic about the recent market recovery. From the perspective of the industry, the expected index of production and operating activities in manufacturing industries such as petroleum processing, automobiles, special equipment, electrical machinery and equipment has been higher than 60.0% for two consecutive months.

  Although the PMI index has rebounded this month and the manufacturing industry has steadily recovered, it should also be noted that uncertainties still exist. First, although the import and export index has improved for two consecutive months, it is still below the critical point. The current overseas epidemic situation has not been effectively controlled, and there are still variables in the external market. Second, the recovery pressure of some industries is still relatively high, and the manufacturing PMI of textiles, textiles, apparel, and wood processing continues to be below the critical point. The third is that small enterprises have greater difficulties in production and operation, with a PMI of 48.9%, a decrease of 1.9 percentage points from the previous month, and the proportion of small enterprises reflecting insufficient orders is higher than that of large and medium-sized enterprises.

  Non-manufacturing business activity index continues to rebound

  In June, the non-manufacturing business activity index was 54.4%, 0.8 percentage points higher than that of the previous month, and has rebounded for four consecutive months.

  The service industry continues to improve. The business activity index of the service industry was 53.4%, which was 1.1 percentage points higher than last month. In the 21 industries surveyed, the business activity index of 15 industries was higher than the critical point, and the production and operation of most industries continued to recover. Among them, transportation warehousing and postal services, information transmission software and information technology services, and the financial industry accounted for 59.0% and above, and business volume increased. The recent recovery of the manufacturing industry has further consolidated, driving the business volume of the related service industry to increase. This month's producer service business activity index was 57.3%, an increase of 4.5 percentage points from the previous month. With the accelerated recovery of production and living order, increased market confidence and continued release of service industry demand, the new order index was 52.3%, an increase of 0.6 percentage points from the previous month. At the same time, the recovery of some service industries is still difficult, and the business activity index of cultural, sports, entertainment and residential service industries is still below the critical point.

  The construction industry continues to grow. The business activity index of the construction industry was 59.8%, which was 1.0 percentage points lower than that of the previous month, but it was higher than 59.0% for three consecutive months. From the perspective of market expectations, the business activity expectation index was 67.8%, which was 0.3 percentage points higher than last month, and the confidence of enterprises in the development of the industry has increased.

  Composite PMI output index is higher than last month

  In June, the comprehensive PMI output index was 54.2%, which was 0.8 percentage points higher than the previous month, and the company's production and operation continued to improve. The manufacturing production index and the non-manufacturing business activity index, which constitute the composite PMI output index, were 53.9% and 54.4%, respectively, both up from the previous month.