(Beijing News) In July, the Fiscal and New China Manufacturing Purchasing Manager Index (PMI) fell below the glory line after two months, showing that the manufacturing prosperity turned.
Caixin.com reported that the July Cai New China Manufacturing Purchasing Manager Index (PMI) published on Tuesday (August 1) recorded 49.2, below June 1.3 percentage points, and recording 50 again after two months.the following.
PMI higher than 50 shows the expansion of the manufacturing activity, and lower than 50 atrophy.
This trend is inconsistent with the manufacturing PMI issued by the National Bureau of Statistics of China.The July manufacturing PMI of the Manufacturing Industry announced on Monday, which was announced on Monday to 49.3, was higher than June 0.3 percentage points, and was located in a contraction range below 50 for four consecutive months.
From the perspective of the various sub -items of PMI, the manufacturing industry of Caixin, the demand for manufacturing in June is weak and the supply of synchronization contraction.The new manufacturing order index and the production index of the month were recorded from January and February, respectively.
Investigating companies report that the market conditions have been weak in the near future, customer demand has declined, new orders have reappeared after two months of continuous growth, and manufacturers' output has shrunk.Foreign demand is the main factor in dragging the demand for manufacturing.As the risk of overseas economic recession increased, foreign demand was significantly inadequate, and the new export order index in July dropped sharply to a new low since October 2022.
In July, the employment of the manufacturing industry continued to deteriorate, and the scale of employment declined for the fifth consecutive month.The reasons for reducing employment in enterprises are mainly limited market demand.
Wang Yan, a senior economist of Caixin Think Tank, said that in July, the prosperity of the manufacturing industry fell to the contraction range. The low macroeconomic and low economic downward pressure were still indisputable.The Political Bureau of the Central Committee of the Communist Party of China has set up new difficulties in economic operations, and the external environment is complicated and severe. It emphasizes that it is necessary to actively expand domestic demand and play the basic role of consumer economic growth.The policy level is still important to maintain employment, stable expectations, and increasing residents' income.
