The Purchasing Manager'S Index Has Been On The Rise And Fall Line For Five Consecutive Months, And The Manufacturing Industry Has Recovered Fully

China's Manufacturing Purchasing Managers Index (PMI) in July was 51.1%, up 0.2 percentage points from the previous month, according to the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics. As of July, the PMI of the manufacturing industry has been operating at more than 50% for five consecutive months. In particular, the index rose to more than 51% in July, indicating that the economy is picking up faster.

Specifically, in July, among the 21 manufacturing industries, the purchasing manager index of 17 industries was higher than 50%, and 13 industries were higher than the previous month. Although the purchasing activity of medium-sized enterprises has slowed down for more than 5 months, the purchasing activity of medium-sized enterprises has been relatively stable for more than 5 months.

"The purchasing managers' index of the manufacturing sector continued to improve in July, indicating that China's economy continued to recover." Zhang Liqun, a researcher at the development research center of the State Council, believes that from the perspective of the classification index, the indicators of both the production and supply sides maintain a rising trend, indicating that the recovery and recovery of the manufacturing industry is comprehensive, and the production and operation cycle is smooth and tends to accelerate. At present, it is necessary to do a good job in expanding domestic demand, effectively activate and release the investment and consumption potential of the super large domestic market, and promote the recovery of China's economy to a more stable and solid momentum.

Import and export continued to maintain the momentum of recovery. In July, under the complex external environment, China's import and export continued to maintain the momentum of recovery. The index of new export orders was 48.4%, up 5.8 percentage points from the previous month, rising for three consecutive months. The import index was 49.1%, up 2.1 percentage points from the previous month, reaching a new high in the year.

Consumer goods and new kinetic energy industries grew rapidly. In July, the recovery of consumer goods industry accelerated. The PMI of consumer goods industry was 51.6%, which was 0.6% higher than that of the previous month, and was higher than that of the manufacturing industry as a whole for four consecutive months. Both the production index and the new order index increased. New driving forces also continued to grow rapidly, and the development of domestic science and technology accelerated. The PMI of high-tech industries rose 0.2 percentage points to 51.3% over the previous month, with the new order index rising 0.5% to 52.5%. PMI of equipment manufacturing industry was 51.8%, higher than that of manufacturing industry as a whole, and the production index remained at a high level of 55.8%.

Compared with the index of new orders of 7.51% in the previous month, analysts said that the supply of new orders was lower than that of the new supply index of 7.51%

According to the data released by the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics, the business activity index of China's non manufacturing industry was 54.2% in July, slightly down 0.2% from the previous month, but stable at more than 54% for two consecutive months, with a slight increase of 0.5% compared with the same period last year.

In July, online services of non manufacturing industries continued to be active, and new momentum developed strongly. Compared with the last month, the index of business activities and business activities increased by more than 60% in the previous month. The business activity index of accommodation industry and catering industry remained at a high level above 57%, with a significant increase compared with last month and better than that of the same period last year.

"The non manufacturing industry maintains a stable and rapid growth, and the enterprise expectations remain optimistic, which is conducive to the continued economic recovery in the second half of the year." China Logistics Information Center analyst Wu Wei said. It is worth noting that affected by factors such as flooding in the south, the new order index of wholesale industry and road transportation industry dropped significantly in July. In the long run, we should continue to tap the potential of domestic demand, stimulate demand growth momentum, and further enhance the stability of economic recovery.