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 jointly released the operation of the China Purchasing Managers Index in July on the 31st.

Data show that in July, China's manufacturing purchasing managers index (PMI) was 50.4%, 0.5 percentage points lower than last month, and continued to be above the threshold. The overall manufacturing industry continued to expand, but the pace slowed down.

  In terms of enterprise scale, the PMI of large enterprises was 51.7%, the same as last month, and continued to be higher than the threshold; the PMI of medium-sized enterprises was 50.0%, down 0.8 percentage points from the previous month, and was at the threshold; the PMI of small enterprises was 47.8%, which was higher than the threshold. It was down by 1.3 percentage points last month, which was below the threshold.

  From the perspective of sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index and the new order index are all above the critical point, and the raw material inventory index, the employee index, and the supplier's delivery time index are all below the critical point.

  The production index was 51.0%, a decrease of 0.9 percentage points from the previous month and higher than the threshold, indicating that the expansion of manufacturing production has weakened.

  The new order index was 50.9%, down 0.6 percentage points from the previous month, and higher than the threshold, indicating that the growth of manufacturing market demand has slowed.

  The raw material inventory index was 47.7%, a decrease of 0.3 percentage points from the previous month, and was below the threshold, indicating that the manufacturing industry's main raw material inventory decreased from the previous month.

  The employment index was 49.6%, an increase of 0.4 percentage points from the previous month, indicating that the employment boom of manufacturing enterprises continued to improve.

  The supplier delivery time index was 48.9%, an increase of 1.0 percentage point from the previous month, and was lower than the threshold, indicating that the delivery time of manufacturing raw material suppliers has been extended.

Operation of China's non-manufacturing purchasing managers' index

  In July, the non-manufacturing business activity index was 53.3%, slightly lower than 0.2 percentage points last month, and continued to be higher than the threshold, indicating that the non-manufacturing industry as a whole maintained a steady expansion.

  In terms of different industries, the business activity index of the construction industry was 57.5%, 2.6 percentage points lower than last month.

The business activity index of the service industry was 52.5%, 0.2 percentage points higher than last month.

In terms of industry conditions, the business activity indexes of water transportation, telecommunications, broadcasting and television, satellite transmission services, and capital market services are in the high range of more than 60.0%; the business activity indexes of other industries such as financial industry, real estate, and residential services are below the critical point.

  The new order index was 49.7%, a slight increase of 0.1 percentage point from the previous month, and still below the threshold, indicating that the decline in non-manufacturing market demand has narrowed slightly.

In terms of different industries, the new order index of the construction industry was 50.0%, a decrease of 1.2 percentage points from the previous month; the new order index of the service industry was 49.7%, an increase of 0.3 percentage points from the previous month.

  The input price index was 53.5%, an increase of 0.1 percentage point from the previous month, and was higher than the threshold, indicating that the price of inputs used by non-manufacturing enterprises for business activities increased slightly compared with the previous month.

In terms of different industries, the input price index of the construction industry was 57.1%, an increase of 5.4 percentage points from the previous month; the input price index of the service industry was 52.8%, a decrease of 0.9 percentage points from the previous month.

  The sales price index was 51.3%, a slight decrease of 0.1 percentage point from the previous month, and was higher than the threshold, indicating that the growth rate of non-manufacturing sales prices has narrowed slightly.

In terms of different industries, the construction industry sales price index was 52.9%, an increase of 0.9 percentage points from the previous month; the service industry sales price index was 51.1%, a decrease of 0.1 percentage points from the previous month.

  The employment index was 48.2%, an increase of 0.2 percentage points from the previous month, indicating that the employment boom of non-manufacturing enterprises has slightly improved.

In terms of different industries, the construction industry employment index was 52.1%, an increase of 1.8 percentage points from the previous month; the service industry employment index was 47.5%, a decrease of 0.1 percentage points from the previous month.

  The business activity expectation index was 60.7%, a slight decrease of 0.1 percentage point from the previous month, and continued to be in the high-level business range, indicating that non-manufacturing companies remain optimistic about market development.

In terms of different industries, the business activity expectation index of the construction industry was 64.0%, an increase of 0.8 percentage points from the previous month; the business activity expectation index of the service industry was 60.1%, a decrease of 0.3 percentage points from the previous month.

Operation of China's Comprehensive PMI Output Index

  In July, the comprehensive PMI output index was 52.4%, a decrease of 0.5 percentage points from the previous month, indicating that the expansion of production and operation activities of Chinese enterprises has slowed down.