China News Service, July 31. The National Bureau of Statistics website announced on the 31st the operation of China's Purchasing Managers Index in July 2020. In July, China's Manufacturing Purchasing Managers Index (PMI) was 51.1%, an increase of 0.2 percentage points from the previous month, and was above the threshold for five consecutive months.
In terms of enterprise scale, the PMI of large enterprises was 52.0%, a slight decrease of 0.1 percentage point from the previous month; the PMI of medium-sized enterprises was 51.2%, an increase of 1.0 percentage point from the previous month; the PMI of small enterprises was 48.6%, a decrease of 0.3 percentage points from the previous month .
From the perspective of sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index, the new order index and the supplier delivery time index are all above the critical point, and the raw material inventory index and the employee index are below the critical point.
The production index was 54.0%, an increase of 0.1 percentage point from the previous month, and was above the threshold for five consecutive months, indicating that manufacturing production has continued to increase month-on-month.
The new order index was 51.7%, an increase of 0.3 percentage points from the previous month, and rebounded for three consecutive months, indicating that the manufacturing market demand is gradually picking up.
The raw material inventory index was 47.9%, an increase of 0.3 percentage points from the previous month, indicating that the decline in manufacturing main raw material inventories continued to narrow.
The employment index was 49.3%, an increase of 0.2 percentage points from the previous month, indicating a slight improvement in the employment boom of manufacturing enterprises.
The supplier delivery time index was 50.4%, which was 0.1 percentage point lower than last month, but it was still above the critical point, indicating that the delivery time of manufacturing raw material suppliers continued to accelerate.
In July, the non-manufacturing business activity index was 54.2%, down 0.2 percentage points from the previous month, and continued to remain above the threshold.
In terms of different industries, the business activity index of the construction industry was 60.5%, an increase of 0.7 percentage points from the previous month. The business activity index of the service industry was 53.1%, a decrease of 0.3 percentage points from the previous month. From the perspective of industry categories, the business activity index of railway transportation, air transportation, postal express, accommodation, telecommunications, broadcasting and television satellite transmission services, and capital market services is above 60.0%, and that of insurance, real estate, leasing and business services and other industries. Located below the critical point.
The new order index was 51.5%. Although it was 1.2 percentage points lower than the previous month, it was still above the threshold, indicating that the non-manufacturing market demand continued to recover. In terms of different industries, the construction industry new orders index was 54.6%, down 0.6 percentage points from the previous month; the service industry new orders index was 51.0%, down 1.3 percentage points from the previous month.
The input price index was 53.0%, an increase of 0.1 percentage point from the previous month, indicating that the overall increase in input prices used by non-manufacturing enterprises for business activities has increased slightly. In terms of different industries, the input price index of the construction industry was 55.0%, a decrease of 0.2 percentage points from the previous month; the input price index of the service industry was 52.7%, an increase of 0.2 percentage points from the previous month.
The sales price index was 50.1%, an increase of 0.6 percentage points from the previous month, and returned to above the critical point, indicating that the overall non-manufacturing sales price increased slightly. In terms of different industries, the construction industry sales price index was 51.3%, down 0.6 percentage points from the previous month; the service industry sales price index was 49.9%, up 0.8 percentage points from the previous month.
The employment index was 48.1%, a decrease of 0.6 percentage points from the previous month, indicating that the non-manufacturing employment boom has declined. In terms of different industries, the construction industry employment index was 56.2%, down 1.2 percentage points from the previous month; the service industry employment index was 46.7%, down 0.4 percentage points from the previous month.
The business activity expectations index was 62.2%, an increase of 1.9 percentage points from the previous month, indicating that non-manufacturing companies remain optimistic about the recent market recovery. In terms of different industries, the business activity expectation index of the construction industry was 66.3%, down 1.5 percentage points from the previous month; the business activity expectation index of the service industry was 61.4%, an increase of 2.4 percentage points from the previous month.
In July, the comprehensive PMI output index was 54.1%, a slight decrease of 0.1 percentage point from the previous month, indicating that the overall production and operation of Chinese enterprises continued to maintain a recovery growth momentum.