Caixin Monday (July 3) announced that China ’s manufacturing procurement manager index (PMI) was reported at 50.5, a slight decrease of 0.4 percentage points from May, and was located in the expansion range for two consecutive months.
This trend is not consistent with the National Bureau of Statistics of China.The PMI of the manufacturing industry announced by the Bureau of Statistics slightly up to 49.0, which was higher than 0.2 percentage points in May.
From the perspective of sub -item data, the manufacturing production index in June has declined significantly from 11 months in May, but still maintained above the glory line;Slightly declined.Looking at the three major categories of products, the demand for consumer goods only increases, the middle product category is basically the same, and the new orders of investment categories have decreased.
In terms of foreign demand, the new export order index in June was only slightly higher than the critical point, showing that the new overseas new business volume was not changed much.Sample companies report that global economic conditions have weakened and led to sluggish exports.Specifically, the external needs of consumer goods and investment products have decreased, and only the intermediate category rises slightly.
After the lowest recorded in March 2020, the manufacturing employment index in June has a slight rebound in the contraction range, and it is still significantly lower than the Rongyu line.Enterprises said that because sales were lower than expected and re -adjusted production capacity, they were reducing employment.The three major categories of products have contracted, of which investment categories are the most obvious.In June, the backlog business volume index returned to the critical point, but the backlog rate was relatively low.The increase in new business volume in some enterprises has led to an increase in the volume of backlog orders, but some companies say that they have sufficient production capacity and can handle orders in time.
The price reduction of raw materials continues to drive the cost of manufacturing.In June, the purchase price index of the manufacturing raw materials declined slightly in the contraction range. Among them, the cost of intermediate categories and investment products declined, and consumer goods rose slightly.As costs decline and market competition intensify, companies continue to reduce prices, and the factory price index has risen slightly in the contraction range, and it is still significantly lower than the glory line.
The improvement of raw materials, coupled with the manufacturer's increase in sales due to sales growth, the delivery time index of supplier delivery in June continued to higher than the critical point, but slightly fell from last month.
The expected index of manufacturing output in June continued to slow down in the expansion range, and has fallen to the lowest since November 2022.The survey shows that 17%of manufacturers expect to increase production in the next year. The reason is that the economy at home and abroad will improve, support customer demand to rise, and 6%of companies are expected to reduce production, which expressed concerns about the market conditions.
