China News Service, June 30. 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 jointly released the June 2021 China Purchasing Managers Index on the 30th.

  In response to this, Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, explained that in June, China’s manufacturing purchasing manager index, non-manufacturing business activity index, and comprehensive PMI output index were 50.9%, 53.5%, and 52.9%, respectively. It dropped by 0.1, 1.7, and 1.3 percentage points from the previous month, but all continued to be above the critical point, and my country's economic operation continued to expand.

Data map: Production scene in a manufacturing company.

Photo by China News Agency reporter Yang Bo

The Manufacturing Purchasing Manager Index is running smoothly

  In June, the Manufacturing Purchasing Managers Index dropped slightly by 0.1 percentage point, and continued to stay in the economic zone. The manufacturing industry maintained steady expansion.

Main features of this month:

  One is that both ends of supply and demand fall and rise.

The production index was 51.9%, a decrease of 0.8 percentage points from the previous month. Recently, production activities of some enterprises have been affected by factors such as chips, coal, power supply shortages, and equipment overhauls, and production expansion has slowed down.

The new order index was 51.5%, a slight increase of 0.2 percentage points from the previous month, reflecting the continued growth of market demand.

The performance of various industries this month differed greatly. The production index and new order index of industries such as textiles, apparel and apparel, pharmaceuticals, etc. were both in the high boom range of 56.0% and above, and were higher than the previous month by more than 2.0 percentage points. Production and demand increased rapidly.

The two indexes of petroleum, coal and other fuel processing, ferrous metal smelting and rolling processing industries both fell below the critical point, and the industry's prosperity level has declined; the two indexes of the automobile manufacturing industry have been in the contraction range for two consecutive months, "core shortage" and other factors Bring adverse effects to the development of the industry.

  Second, the import and export index has declined.

The new export order index was 48.1%, 0.2 percentage points lower than last month, indicating a decline in foreign orders in the manufacturing industry. Among them, agricultural and sideline food processing, ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing and other industries have low new export order indexes At 43.0%, the decline was relatively large.

The import index fell below the critical point, at 49.7%, 1.2 percentage points lower than last month, reflecting a decrease in the import volume of raw materials used in manufacturing from the previous month.

  Third, the price index fell back from a high level.

A series of "guaranteed supply and stable prices" policies recently introduced have shown their effects, and the rapid rise in manufacturing prices has been initially curbed.

The purchase price index and ex-factory price index of major raw materials both changed from rising to falling this month, at 61.2% and 51.4%, respectively, which were 11.6 and 9.2 percentage points lower than the previous month.

Judging from the purchase price index of major raw materials, with the exception of petroleum, coal and other fuel processing industries, which continued to climb, other industries all declined significantly.

Looking at the ex-factory price index, most industries have declined to varying degrees. Among them, the ferrous metal smelting and rolling processing industry, and the non-ferrous metal smelting and rolling processing industry have fallen sharply, all falling into the contraction range; but the petroleum, coal and other fuel processing industries Still higher than 70.0%, the ex-factory price of products continued to rise.

  Fourth, the PMI of enterprises of different sizes is generally stable.

The PMIs of large and medium-sized enterprises were 51.7% and 50.8%, respectively, which were 0.1 and 0.3 percentage points lower than last month, and continued to remain in the expansion range.

The PMI of small companies was 49.1%, 0.3 percentage points higher than last month. Although still in the contraction range, the prosperity has improved.

  Fifth, the prosperity of the consumer goods manufacturing industry has risen.

Driven by the rebound in market demand and mid-year promotional activities, the consumer goods manufacturing PMI rose to the highest point in the past five months at 52.2% this month, 1.6 percentage points higher than the previous month.

Among them, the production index and the new order index were 53.9% and 54.6%, respectively, 1.0 and 3.5 percentage points higher than last month, and industry production and demand expansion accelerated.

Non-manufacturing business activity index has fallen

  In June, the non-manufacturing business activity index was 53.5%, 1.7 percentage points lower than the previous month. The non-manufacturing industry continued its expansion trend, but the expansion has weakened.

  The service industry maintains a recovery trend.

Affected by local epidemics in individual regions and other factors, the business activity index of the service industry fell to 52.3%, 2.0 percentage points lower than last month, but still above the threshold, indicating that the service industry has steadily recovered.

From the perspective of the industry, driven by the "618" mid-year promotional activities, the business activity index of postal express, telecommunications, broadcasting and television and satellite transmission services, Internet software and information technology services closely related to online consumption this month are all located at 57.0% In the above-mentioned high prosperous range, the total volume of business has grown rapidly; the monetary and financial services and insurance industries have both risen to the high prosperous range of more than 60.0%, and business activities have accelerated significantly.

In addition, the business activity index of air transportation, accommodation, catering and other industries fell below the critical point, and market activity decreased.

In terms of market expectations, the business activity expectation index is 60.4%, which continues to remain in the high boom range and is higher than the level of the same period in recent years, reflecting the continued optimism of service industry companies on the market development prospects.

  The construction industry operated steadily in the high-level business zone.

The business activity index of the construction industry was 60.1%, which was the same as last month, and was in the high-level business range for two consecutive months. The construction industry maintained rapid growth.

In terms of prices, the input price index and sales price index of the construction industry fell to 51.7% and 52.0%, respectively. The input price index dropped by 21.9 percentage points to a 9-month low. The construction industry cost increased pressure ease.

The comprehensive PMI output index continues to expand

  In June, the comprehensive PMI output index was 52.9%, 1.3 percentage points lower than the previous month, indicating that the overall production and operation activities of Chinese enterprises have continued to expand, but the intensity has weakened.

The manufacturing production index and non-manufacturing business activity index, which make up the comprehensive PMI output index, are 51.9% and 53.5%, respectively.

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