China News Service, July 8. According to data released on the website of the China Association of Small and Medium Enterprises on the 8th, in June, as the epidemic prevention and control situation gradually improved, the order of production and life was gradually restored, and the package of stable growth policies continued to exert force, the operating rate of enterprises. Steady recovery, the blockages of the industrial chain and the supply chain have continued to be cleared, the economic operation has stabilized and rebounded, and the prosperity of small and medium-sized enterprises has improved.

In June, China's Small and Medium Enterprise Development Index (SMEDI) was 88.4, up 0.2 points from the previous month.

Among them, the sub-indices and sub-indices showed an overall positive trend.

  The survey on the operating rate of sample enterprises shows that 25.90% of the enterprises are fully operating, 42% have operating rates above 75%, and 7.70% have not started.

Compared with the previous month, the proportion of fully operational enterprises increased by 5.85 percentage points, and the proportion of non-commissioned enterprises decreased by 5.70 percentage points.

Picture from the website of China Association of Small and Medium Enterprises

  All 8 sub-industry indexes rebounded.

The indices of industry, construction, transportation, postal storage, real estate, wholesale and retail, social services, information transmission, computer software, and accommodation and catering increased by 0.2, 0.1, 0.1, 0.3, 0.1, 0.4, and 0.5 from the previous month, respectively. and 0.6 points; among them, the accommodation and catering industry index increased the most.

Indices for construction, transportation, postal storage, and wholesale and retail have risen for two consecutive months.

However, the 8 sub-industry indexes are all below the prosperity threshold of 100, and the lodging and catering industry index is still at the lowest level.

  8 sub-indices rose 7 and 1 level.

The comprehensive operation index, market index and labor index continued to rise; the macroeconomic feeling index, capital index, input index and benefit index stopped falling and rebounded; the comprehensive operation index increased the most, up 0.5 points.

The cost index turned flat from rising.

From the perspective of the prosperity, the capital index and labor index are above the prosperity threshold of 100, and the cost index is in the recession range, indicating that the cost is still rising; the other five sub-indices are all below the prosperity threshold of 100, of which the lowest benefit index is 73.5.

  According to the analysis, the SME development index in June reflects the following main characteristics of the operation of SMEs:

Business confidence is starting to recover.

With the effective control of the epidemic in Beijing and Shanghai and other large cities and the intensive introduction and implementation of a package of economic stabilization measures, the order of production and life has gradually recovered. The macroeconomic sentiment index reflecting corporate confidence was 97.0, an increase of 0.2 points from the previous month, ending the 4th consecutive year. month-to-month decline.

From the breakdown of the macroeconomic feeling index, the macroeconomic feeling index was 101.7, an increase of 0.2 points from the previous month, and continued to be higher than the prosperity threshold of 100; the industry operation index was 92.4, an increase of 0.3 points from the previous month.

Market expectations have improved.

The epidemic situation has improved, superimposed a package of policy "combination punches", the economy has bottomed out and the momentum of stabilization and recovery has begun to appear, and market expectations have continued to improve.

In June, the market index was 80.8, which was still low, the second lowest among the 8 sub-indices, but increased by 0.3 points month-on-month.

In the eight industries surveyed, both the domestic order index and the sales volume index rose across the board.

From the industrial situation, the production index increased by 0.3 points, the domestic and foreign orders index increased by 0.3 points, and the sales volume index increased by 0.3 points.

Cost pressure remains high.

The complex and severe international environment continues to push up energy and food prices, and global inflation is high, bringing imported inflation pressure to my country. Small and medium-sized enterprises are at the end of the industrial chain and lack the right to speak. In addition, the recovery of market demand is slow, and the cost is difficult to pass on.

The cost index in June was 113.7, the same as the previous month, and was in the recession range, indicating that the cost pressure was still large.

Of the eight industries surveyed, production costs and labor costs increased in four industries.

Financial constraints have generally eased.

Through the use of structural monetary policy tools, the central bank has increased support for inclusive small and micro loans, strived to reduce comprehensive financing costs, and guided financial institutions to further strengthen support for small and micro enterprises.

The capital index in June was 100.9, an increase of 0.1 point from the previous month, and was above the prosperity threshold of 100.

Among them, the financing index was 90.4, an increase of 0.2 points; the liquidity index was 85.3, an increase of 0.2 points.

Among the 8 industries surveyed, the financing index and the liquidity index of 7 industries increased in 5 industries.

Supply in the labor market rose and demand was flat.

With the implementation of a series of phased and combined policies to stabilize employment and protect people's livelihood, the labor force index is in a booming range.

The labor force index in June was 105.5, up 0.1 point from the previous month.

Among them, the supply index was 113.7, an increase of 0.2 points from the previous month, mainly because the graduation season and the entry of college graduates into the job market increased the supply; the demand index was 97.3, the same as the previous month, mainly because the overall economic recovery trend has not yet taken shape. The resumption and recovery of some enterprises did not bring about a significant increase in labor demand.

The company's profitability has improved.

With the recovery of both production and demand, the profit situation of enterprises has improved.

The June Benefit Index was 73.5, although still at a historically low level.

But it was up 0.2 points from the previous month.

Of the 8 industries surveyed, 5 of the industry's efficiency indexes rose.

The willingness of enterprises to invest has increased.

The market is expected to recover, enterprises regain their confidence, and their willingness to resume production and expand investment has increased.

The input index in June was 82.1, up 0.3 points from the previous month, ending the 4-month decline in a row.

In the eight industries surveyed, the fixed asset investment index all rose.

The regional index rose and fell.

The indices for the eastern, central, western and northeastern regions were 88.9, 89.4, 87.1 and 79.9, respectively.

The indices of the eastern and western regions increased by 0.7 points and 0.2 points respectively from the previous month, and the economic recovery of the eastern region was relatively fast; the indices of the central and northeastern regions both decreased by 0.2 points.

  The article on the association's website pointed out that, in general, my country's economy has been affected by unexpected factors such as multiple rebounds of the epidemic and geopolitical conflicts since the beginning of this year. The downward pressure in March and April was particularly obvious. It was even bigger when the epidemic broke out.

The Party Central Committee and the State Council have effectively coordinated epidemic prevention and control and economic and social development, and promptly and decisively launched a package of economic stabilization policies to push the economy back to a normal track and resolutely stabilize the overall economic market.

As the epidemic situation in Shanghai, Beijing and other places is gradually brought under control, the "combination punch" of a package of stabilizing growth policies has been accelerated and effective. Major indicators have improved marginally in May and June, and the national economy has shown a trend of bottoming out, stabilizing and recovering.

  At the same time, it should be noted that the current major indicators have shown positive changes, which is a recovery rebound after the impact of the epidemic, and most indicators are still lower than the levels at the beginning of the year or the same period last year.

At present, the external environment is more complex and severe, the domestic economic operation is still affected by the impact of the epidemic, the real economy has many difficulties, the economic recovery momentum is not strong, the demand-side recovery is still weak, and the foundation for economic recovery is not yet solid.

In particular, the production and operation difficulties of small and medium-sized enterprises have increased, and problems such as rising costs, delinquent accounts, financing difficulties, under-production, and weak expectations are still prominent.

In the second quarter, the SME development index was 88.4, down 0.3 points from the first quarter and the lowest since 2021.

Among them, 8 sub-indices increased by 1, flat and 6 decreased, and 8 sub-indices increased by 1 and decreased by 7, all of which were more or less, and the recovery of small and medium-sized enterprises still faces great difficulties and challenges.

(Zhongxin Finance)

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