Ye Qing, a professor at Zhongnan University of Economics and Law: In July

Cover reporter Wu Yujia

According to the website of the National Bureau of Statistics on the 31st, in July, the manufacturing procurement manager index (PMI) was 49.0%, a decrease of 1.2 percentage points from the previous month. It was below the critical point.

How to view the changes in PMI in July? Ye Qing, a professor at Zhongnan University of Economics and Law, believes that overall, the level of economic prosperity in July has fallen from June, mainly due to traditional production in high temperatures, decline in commodity prices, market demand, and high energy consumption. The influence of the industry's low degree of prosperity.

Ye Qing said that from the perspective of the industry, among the 21 industries surveyed by the State Bureau of Statistics, 10 industries PMI is located in the expansion range. PMIs such as aerospace equipment and other industries are higher than 52%, and they have maintained expansion for two consecutive months, and production needs continue to recover. PMI, such as textiles, petroleum coal and other fuel processing, black metal smelting and pressure -delay processing, continues to be located in the contraction range, which is one of the main factors of PMI falling this month.

In terms of non -manufacturing, in July, the non -manufacturing business activity index was 53.8%. Although it was lower than 0.9 percentage points last month, the index continued to expand and achieved recovery growth for two consecutive months. Ye Qing believes that this shows that driven by a series of policies and measures such as consumption, the service industry continues to recover. In addition, or affected by income expectations, people's purchase investment decreases, and business activities indexes such as insurance, leasing and business services, and residential services have fallen.

In July, the construction industry business activity index was 59.2%, which was higher than 2.6 percentage points last month. The construction industry production activities accelerated, and the expansion situation was considerable. In terms of specific industries, the business activities index, the new order index, and the employee index of civil engineering construction industry are 58.1%, 51.8%, and 51.9%, respectively, all of which have increased from last month. Ye Qing pointed out that next, the construction industry must not only complete the investment tasks, drive new production and expand production efficiency; at the same time, it is necessary to promote employment and ensure that construction workers have stable income.

Ye Qing said, "In general, in the first half of the year, the Chinese economy overwhelmed the difficulty of exceeding expectations. Although PMI was slightly lower than expected in July, it reflected that the rise in the economy in fluctuations has not changed. There are more active actions in expanding effective demand. "

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