National Bureau Of Statistics: China'S Purchasing Managers' Index Will Be 49.0% In June 2023

1、 Operation of China's manufacturing PMI

In June, the purchasing managers' index (PMI) of the manufacturing industry was 49.0%, up 0.2 percentage points over the previous month, and the prosperity level of the manufacturing industry improved.

From the perspective of enterprise scale, the PMI of large enterprises was 50.3%, up 0.3 percentage points over the previous month; The PMI of medium-sized enterprises was 48.9%, up 1.3 percentage points over the previous month; The PMI of small enterprises was 46.4%, down 1.5 percentage points from the previous month.

From the perspective of sub indexes, among the five sub indexes that constitute the PMI of manufacturing industry, the production index and supplier delivery time index are higher than the critical point, and the new order index, raw material inventory index and employee index are lower than the critical point.

The production index was 50.3%, up 0.7 percentage points from the previous month, rising above the critical point, indicating that manufacturing production activities have accelerated.

The index of new orders was 48.6%, up 0.3 percentage points over the previous month, indicating that the prosperity of manufacturing market demand has improved.

The raw material inventory index was 47.4%, down 0.2 percentage points from the previous month, indicating that the inventory of major raw materials in the manufacturing industry continued to decrease.

The employment index was 48.2%, down 0.2 percentage points from the previous month, indicating a slight decline in the employment landscape of manufacturing enterprises.

The supplier delivery time index was 50.4%, down 0.1 percentage points from the previous month, still above the critical point, indicating that the delivery time of raw material suppliers in the manufacturing industry continued to accelerate.

2、 Operation of China's non manufacturing PMI

In June, the non manufacturing business activity index was 53.2%, 1.3 percentage points lower than that of last month, still above the critical point. The non manufacturing industry has always maintained an expansion trend this year.

By industry, the construction business activity index was 55.7%, down 2.5 percentage points from the previous month; The business activity index of the service industry was 52.8%, down 1.0 percentage point from the previous month. In terms of industry, the business activity index of air transport, postal express, telecommunications, radio and television and satellite transmission services, monetary and financial services, insurance and other industries is at a high boom range of 60.0% or above; The business activity index of wholesale, real estate, resident services and other industries is below the critical point.

The new order index was 49.5%, unchanged from the previous month, indicating that the demand boom of the non manufacturing market was basically flat. By industry, the new order index of the construction industry was 48.7%, down 0.8 percentage points from the previous month; The index of new orders in the service industry was 49.6%, up 0.1 percentage points over the previous month.

The input price index was 49.0%, 1.6 percentage points higher than that of the previous month, indicating that the overall decline of input prices used by non manufacturing enterprises for business activities has narrowed. By industry, the input price index of the construction industry was 51.8%, up 7.1 percentage points over the previous month; The input price index of the service industry was 48.6%, up 0.7 percentage points over the previous month.

The sales price index was 47.8%, up 0.2 percentage points over the previous month, indicating that the overall sales price level of the non manufacturing industry fell back. By industry, the sales price index of the construction industry was 51.6%, 4.7 percentage points higher than that of last month; The service industry sales price index was 47.2%, down 0.6 percentage points from the previous month.

The employment index was 46.8%, down 1.6 percentage points from the previous month, indicating that the employment landscape of non manufacturing enterprises has declined. By industry, the index of construction industry employees was 47.2%, down 1.3 percentage points from the previous month; The index of service industry employees was 46.7%, 1.6 percentage points lower than that of last month.

The expected index of business activities was 60.3%, down 0.1 percentage points from the previous month, maintaining a high boom range, indicating that non manufacturing enterprises have strong confidence in the recent market recovery and development. By industry, the expected index of construction business activity was 60.3%, 1.8 percentage points lower than that of last month; The expected index of service industry business activities was 60.3%, up 0.2 percentage points over the previous month.

3、 Operation of China's comprehensive PMI output index

In June, the comprehensive PMI output index was 52.3%, 0.6 percentage points lower than that of the previous month, and continued to be in the expansion range, indicating that the overall production and operation of Chinese enterprises continued to expand.