China's June manufacturing business sentiment index fell below the previous month for the third straight month, partly due to a decline in production due to the impact of a global semiconductor shortage.
The National Bureau of Statistics of China publishes the Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,000 manufacturing companies every month.
The June manufacturing PMI announced on the 30th was 50.9, 0.1 points below May.
“50”, which is a turning point for economic judgment, has exceeded for 16 consecutive months, but has decreased from the previous month for 3 consecutive months.
This is mainly due to the fact that the impact of the global semiconductor shortage is spreading to the automobile industry, and that the supply of electricity is restricted due to water shortages in areas where the manufacturing industry is concentrated, resulting in a decline in production. It is a factor.
Orders for new exports are also declining, and statistics officials say demand from abroad has declined.
The Chinese economy continues to recover from the effects of the spread of the new coronavirus infection, but the effects of semiconductor shortages are spreading, and the improvement in business sentiment in the manufacturing industry, which has been driving the recovery, has stagnated. I am.