China News Service, June 30. On the 30th, Zhao Qinghe, senior statistician of the Service Industry Survey Center of the National Bureau of Statistics, said when interpreting the China Purchasing Managers Index in June, the comprehensive PMI output index in June was 54.1%, higher than the previous month's 5.7%. percentage points, indicating that the overall production and operation of Chinese enterprises are showing a recovery expansion.
Zhao Qinghe said that with the continuous improvement of the domestic epidemic prevention and control situation, and the accelerated implementation of a package of policies and measures to stabilize the economy, the overall recovery of my country's economy has accelerated.
In June, the manufacturing purchasing managers' index, the non-manufacturing business activity index, and the composite PMI output index were 50.2 percent, 54.7 percent, and 54.1 percent, respectively, 0.6, 6.9, and 5.7 percentage points higher than the previous month, and all rose to the expansion range.
Manufacturing PMI returns to expansionary territory
The manufacturing PMI recovered to 50.2% in June, returning to expansion territory after three consecutive months of contraction.
Among the 21 industries surveyed, the PMI of 13 industries is in the expansion range. The prosperity of the manufacturing industry continues to expand, and positive factors continue to accumulate.
With the continuous progress of resumption of work and production, the production and demand that were suppressed in the early stage of enterprises have been released at a faster pace. The production index and new order index were 52.8% and 50.4%, respectively, 3.1 and 2.2 percentage points higher than the previous month, and both rose to the expansion range.
From the perspective of the industry, the two indexes of the automobile, general equipment, special equipment, computer communication electronic equipment and other industries are both higher than 54.0%, and the recovery of production and demand is faster than that of the manufacturing industry as a whole.
At the same time, policies and measures such as logistics guarantee and smooth flow have been effective. The supplier delivery time index was 51.3%, 7.2 percentage points higher than the previous month. The supplier delivery time was significantly faster than the previous month, which effectively guaranteed the production and operation of enterprises.
Among them, the PMI of large enterprises was 50.2%, which was higher than the critical point for two consecutive months, continuing the momentum of recovery expansion.
The PMI of medium-sized enterprises was 51.3%, 1.9 percentage points higher than the previous month, rising to the expansion range, and production activities accelerated.
The PMI of small enterprises was 48.6%, 1.9 percentage points higher than the previous month. The recovery process of small enterprises was relatively slow, but the level of prosperity has rebounded.
The PMIs of high-tech manufacturing and equipment manufacturing were 52.8 percent and 52.2 percent, respectively, 2.3 and 3.3 percentage points higher than the previous month.
The PMI of the consumer goods industry was 50.9%, 0.7 percentage points higher than the previous month, and the consumer goods industry continued to recover.
The PMI of high energy-consuming industries was 48.3%, 1.7 and 1.9 percentage points lower than that of the previous month and the overall manufacturing industry, respectively, and the overall economic level was low.
Business expectations have improved.
The production and operation activity expectation index was 55.2%, 1.3 percentage points higher than the previous month, and rose to a nearly three-month high, and business confidence continued to recover.
Judging from the industry situation, the production and operation activity expectation index of food, alcoholic beverages, refined tea, automobiles, railways, ships, aerospace equipment and other industries is higher than 60.0%. Industry such as metal smelting and rolling processing continued to fall below 50.0%, and corporate confidence needs to be strengthened.
Although the manufacturing industry continued to recover this month, 49.3% of enterprises still reported that orders were insufficient, and weak market demand was still the main problem facing the manufacturing industry.
At the same time, the ex-factory price index fell to 46.3%, staying in the contraction range for two consecutive months. The profit margins of some companies were squeezed to a certain extent, and the operating pressure was relatively large.
Non-manufacturing business activity index rebounded sharply to expansionary territory
In June, the non-manufacturing business activity index was 54.7%, 6.9 percentage points higher than the previous month, and rebounded significantly for two consecutive months.
Among them, the service industry has recovered to the expansion range.
In June, the domestic epidemic situation was generally stable, various policies and measures to help enterprises were gradually implemented, and the service industry continued to recover. The business activity index rose to 54.3% from the low base level in April and May, 7.2 percentage points higher than the previous month. , returned to the expansion range, and the operating conditions of service industry enterprises improved compared with May.
Among the 21 industries surveyed, the business activity index in the expansion range increased from 6 in the previous month to 19, and the prosperity of the service industry expanded significantly.
Among them, the business activity indexes of industries that were severely affected by the epidemic in the early stage all rebounded, and the railway transportation, air transportation and other industries were higher than 65.0%, and the total business volume increased month-on-month for two consecutive months; road transportation, accommodation, catering, ecological protection and environmental protection Governance, culture, sports and entertainment industries rose above the critical point, and the total business volume turned from decline to increase.
From the perspective of market demand and expectations, the new orders index and business activity expectation index were 53.7% and 61.0%, respectively, 10.0 and 5.8 percentage points higher than the previous month, indicating that as the impact of the epidemic weakened, the market demand for the service industry has recovered, and business confidence Gradually recover.
The construction industry rose to a higher economic range.
The business activity index of the construction industry was 56.6%, 4.4 percentage points higher than the previous month, indicating that the prosperity of the construction industry has rebounded.
At the same time, the supplier delivery time index was 50.5%, 8.8 percentage points higher than the previous month, and rose to the expansion range, indicating that the smooth transportation and logistics policy has achieved practical results, and the poor transportation of raw materials in the construction industry has been alleviated, which effectively guaranteed the construction progress.
From the perspective of market expectations, the business activity expectation index rose by 5.2 percentage points to 63.1%, indicating that companies are more optimistic about the recent industry development prospects.
Composite PMI output index continues to recover
In June, the comprehensive PMI output index was 54.1%, 5.7 percentage points higher than the previous month, indicating that the production and operation of Chinese enterprises generally showed a recovery expansion.
The manufacturing production index and non-manufacturing business activity index, which make up the composite PMI output index, were 52.8 percent and 54.7 percent, respectively.
The purchasing managers' index returned to the expansion range in June, reflecting that the production and operation conditions of enterprises have undergone significant positive changes compared with May.
However, there are still many uncertainties in the current domestic and international economic environment. It is necessary to further refine and implement a package of policy measures to stabilize the economy, actively expand effective demand, and consolidate the momentum of economic recovery and development.
(Zhongxin Finance)