China's manufacturing business sentiment index this month has fallen below the previous month for the fifth straight month due to the re-expansion of the new coronavirus infection in China and soaring raw material prices, and the outlook for the Chinese economy. There is a sense of caution in.
The National Bureau of Statistics of China publishes the Manufacturing PMI = Purchasing Manager Business Confidence Index, which surveys 3,000 manufacturing companies every month.
This month's manufacturing PMI, announced on the 31st, was 50.1, 0.3 points below last month.
Although it exceeded "50", which is the turning point of economic judgment, it decreased from the previous month for 5 consecutive months.
This is mainly due to the spread of the highly infectious mutant virus "Delta strain" in China and the soaring prices of raw materials internationally.
On the other hand, the business sentiment index of the non-manufacturing industry was 47.5, which was below the milestone of "50" for the first time in about a year and a half since February last year.
Business sentiment deteriorated in industries such as hotels and restaurants as the re-emergence of the infection coincided with the summer tourism season.
The Chinese government says the spread of the infection in the country has now subsided, but there is a sense of caution about the future of the Chinese economy, which has continued to recover.