China News Service, July 31. According to the website of the National Bureau of Statistics, the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Manager Index on July 31. In response, Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, explained that in July, China's purchasing managers index continued to operate smoothly, and the manufacturing purchasing manager index and non-manufacturing business activity index continued to remain above the threshold.
Zhao Qinghe said that as the overall plan for epidemic prevention and development policies are effective, my country's economic prosperity has continued to recover, and business operations continue to improve. In July, China's Purchasing Managers Index continued to operate smoothly. The Manufacturing Purchasing Managers Index was 51.1%, an increase of 0.2 percentage points from the previous month. The non-manufacturing business activity index and the comprehensive PMI output index were 54.2% and 54.1%, respectively. Slightly lower than the 0.2 and 0.1 percentage points last month.
Data map: July 1st, a factory workshop in Chibi City, Hubei Province. Photo by China News Agency reporter Sudan
Manufacturing Purchasing Managers' Index has been above the threshold for five consecutive months
In July, the manufacturing PMI was 51.1%, continuing the trend of steadily rising in the previous month. Among the 21 industries surveyed, the PMI of 17 industries was higher than the threshold, an increase of 3 from the previous month, and the scope of the boom has expanded. . Main features of this month:
First, production generally rebounded. The production index was 54.0%, slightly higher than 0.1 percentage point last month. In terms of industry conditions, with the exception of chemical fiber and rubber and plastic products, the production indices of the other 20 industries are all above the critical point. Among them, textile, apparel, and wood processing industries have risen above the critical point for the first time since the epidemic. In order to meet production needs, enterprises have increased their procurement efforts. The procurement volume index rebounded significantly this month, which was 52.4%, 0.6 percentage points higher than last month.
Second, demand gradually picks up. The new order index was 51.7%, 0.3 percentage points higher than last month, and rebounded for three consecutive months. In terms of industry conditions, the index of new orders for manufacturing industries such as papermaking and printing, electrical machinery and equipment, and computer communications and electronic equipment has continued to rise above the critical point, and the industry’s recovery momentum continues to increase.
Third, the import and export situation continued to improve. With the gradual relaxation of isolation and blockade measures to resume economic activities in major economies around the world, and the implementation of a series of foreign trade stabilization policies and measures introduced by China, the import and export of manufacturing industries have picked up. The new export order index and import index this month were 48.4% and 48.4% 49.1%, 5.8 and 2.1 percentage points higher than last month.
Fourth, the purchase price index of major raw materials rose to a recent high. The purchase price index and ex-factory price index of major raw materials were 58.1% and 52.2%, respectively, up and down compared with the previous month. Affected by the rebound in demand from downstream industries, the prices of upstream products have risen significantly. The purchase price index of major raw materials for manufacturing industries such as petroleum processing, steel, and nonferrous metals are all higher than 63.0%, and the ex-factory price index is higher than 58.0%.
Fifth, companies are expected to improve further. The expectation index of production and operation activities was 57.8%, 0.3 percentage points higher than last month. Enterprises remain optimistic about the recent industry recovery. From the perspective of the industry, the expected index of production and operation activities in the manufacturing industry such as food, wine and beverage refined tea, medicine, electrical machinery and equipment is higher than 60.0%, and the labor demand of the above-mentioned industries has increased month-on-month, and the employment index is above 51.0%.
The survey results also showed that the PMI of small businesses this month was 48.6%, down 0.3 percentage points from the previous month, and continued to be below the threshold. The production index and new order index were 49.8% and 46.8%, respectively. Pressure. In addition, some enterprises in Anhui, Hubei, Hunan, Jiangxi and other places reported that the flood disaster caused poor logistics and transportation, and problems such as flooding of plants, equipment, and inventory, and production and operation were affected to a certain extent.
Non-manufacturing business activity index continues to remain above the threshold
In July, the non-manufacturing business activity index was 54.2%, a slight decrease of 0.2 percentage points from the previous month, and continued to remain above the threshold.
The service industry maintains a recovery trend. The business activity index of the service industry was 53.1%, a slight decrease of 0.3 percentage points from the previous month, and continued to be higher than the threshold. From the perspective of the industry, the business activity index of postal express, accommodation, catering, telecommunications, securities and other industries was higher than that of last month, and the total business volume has increased. This month, the residential service industry and the cultural, sports and entertainment business activity index ended the five-month contraction trend, rising to 51.1% and 51.9% respectively, 1.9 and 6.1 percentage points higher than the previous month, indicating a series of policies to promote consumption in various places in the near future As a result, the cluster and contact service industries that were severely affected by the epidemic in the early stage have accelerated their recovery.
The construction industry rebounded from a high level. Infrastructure projects have accelerated, and the construction industry has maintained rapid growth. The construction industry business activity index was 60.5%, 0.7 percentage points higher than last month, of which the civil engineering and construction industry business activity index was 62.5%, 3.2 percentage points higher than last month . From the perspective of labor demand and market expectations, the construction industry employment index and business activity expectations index are 56.2% and 66.3%, which have remained above 55.0% and 65.0% respectively for 4 consecutive months.
The comprehensive PMI output index runs smoothly
In July, the comprehensive PMI output index was 54.1%, slightly lower than 0.1 percentage point last month, indicating that the overall production and operation of Chinese enterprises maintained a momentum of recovery. The manufacturing production index and non-manufacturing business activity index, which make up the comprehensive PMI output index, were 54.0% and 54.2%, respectively, which rose and fell from the previous month.