The overall economic recovery has accelerated, and the manufacturing PMI returns above the critical point in June!

Wen | Meng Ke

On June 30, the National Bureau of Statistics released data showing that in June, the manufacturing procurement manager index (PMI) was 50.2%, an increase of 0.6 percentage points from the previous month, returning to the critical point above the critical point, and the manufacturing recovery expansion. The non -manufacturing business activity index was 54.7%, an increase of 6.9 percentage points from the previous month. Returning to the expansion range, the level of non -manufacturing prosperity has been significantly rebounded for two consecutive months. "As the domestic epidemic prevention and control situation continues to improve, and the policy measures for stability of the economy will accelerate the effectiveness of landing, and the overall recovery of my country's economic recovery has accelerated." In June, the manufacturing PMI returned to the expansion range, the manufacturing PMI rose to 50.2%, and returned to the expansion range after three consecutive months of contraction. Of the 21 industries surveyed, 13 industries PMI is located in the expansion range. The manufacturing prosperity continues to expand, and positive factors continue to accumulate. Zhao Qinghe said that with the continued advancement of the re -production and re -production, the production demand for the early stage of the company was accelerated. The production index and the new order index were 52.8%and 50.4%, respectively. Essence From the perspective of industry conditions, the two indexes of automobiles, general equipment, special equipment, computer communication electronic equipment and other industries are higher than 54.0%, and production needs to be recovered faster than the overall manufacturing industry. At the same time, policies and measures such as logistics and conservation are effective, and the supplier delivery time index is 51.3%, which is higher than 7.2 percentage points of last month. The delivery time of suppliers is significantly accelerated compared with the previous month, and the production operation of enterprises is effectively guaranteed. Zheng Houcheng, director of the Institute of British Securities Research Institute, told the Securities Daily that the new order index recorded 50.4%in June, a significant upward of 2.20 percentage points from the previous value. It shows that in the context of stabilizing the national economic market and the steady growth of macro policies, domestic demand has improved significantly. Among them, the recovery of high -tech and equipment manufacturing has accelerated. The PMIs of high -tech manufacturing and equipment manufacturing are 52.8%and 52.2%, respectively, higher than 2.3 and 3.3 percentage points higher than last month. The PMI of the consumer goods industry was 50.9%, which was higher than 0.7 percentage points last month. The consumer goods industry continued to recover. The PMI of the high energy industry was 48.3%, which was lower than the total of 1.7 and 1.9 percentage points of the overall manufacturing industry last month. The overall level of prosperity was low. Enterprise expectations have also improved. The expected index of production and operation activities was 55.2%, which was higher than 1.3 percentage points last month, and rose to the high point in nearly three months. The corporate confidence continued to rise. From the perspective of the industry, food and wine and beverage refined tea, automobiles, railway ships, aerospace equipment and other industries such as production and operation activities are expected to be higher than 60.0%, and enterprises are expected to be better for the recent market development; textiles, oil and coal and other fuel processing, black Industries such as metal smelting and voltage processing continued to be less than 50.0%, and corporate confidence needs to be strengthened. At the same time, Zhao Qinghe also pointed out that although the manufacturing industry continued to recover this month, 49.3%of companies still report that the orders were insufficient, and the weak market demand was still the main problem facing the current manufacturing industry. At the same time, the factory price index fell to 46.3%, and it was located in the contraction range for two consecutive months. The profit margin of some enterprises was squeezed to a certain extent, and the operating pressure was large. Yang Chang, chief analyst of the policy group of the China -Thailand Securities Research Institute, told a reporter from the Securities Daily that in general, the PMI data of the manufacturing industry entered the prosperity range and confirmed the trend of economic restoration. Among the five major points, the production side is obvious, thanks to the implementation of policies and measures related to the preliminary insurance enterprises and the relevant policies of the insurance operation; from the perspective of demand, new orders have been rebounded, but the new export orders have risen more obvious, indicating that domestic demand still has certain pressure on certain pressures ; The difference between the purchase price and the factory price of raw materials has been further narrowed, pointing to the room for improvement in corporate profits; the difference between the new order and the inventory of the finished product has also shown that the economy enters the expansion range. Data from the non -manufacturing PMI for two consecutive months showed that in June, the non -manufacturing business activity index was 54.7%, which was higher than 6.9 percentage points last month. When Zhao Qinghe analyzed the reason, on the one hand, the service industry was restored to the expansion range. In June, the domestic epidemic situation was stable as a whole, and the various policies and measures for the help of enterprises to help enterprises gradually landed, and the service industry continued to recover. , Returning to the expansion range, the operating conditions of the service industry companies have improved compared with May. Among the 21 industries surveyed, the business activity index was increased from 6 to 19 last month, and the prosperity of the service industry expanded significantly. On the other hand, the construction industry rises to a higher range of boom. The business activity index of the construction industry was 56.6%, which was higher than 4.4 percentage points last month, indicating that the booming of the construction industry has rebounded. At the same time, the supplier's delivery time index was 50.5%, which was higher than 8.8 percentage points last month, and rose to the expansion range, indicating that the traffic and logistics policies have achieved practical results. From the market expectations, the business activities expectations index rose 5.2 percentage points to 63.1%, and companies are more optimistic about the recent development prospects of the industry. It is worth noting that the data shows that in June, the comprehensive PMI output index was 54.1%, which was higher than 5.7 percentage points of last month, indicating that the overall recovery expansion of Chinese enterprises' production and operation.

The manufacturing production index and non -manufacturing business activity index that constitute the comprehensive PMI output index were 52.8%and 54.7%, respectively.Zhao Qinghe said that the return of the purchasing manager index in June reflects the significantly positive change compared with May compared with May.However, there are still many uncertain factors at home and abroad. It is necessary to further refine the policy measures and measures to stabilize the economy, actively expand effective demand, and consolidate the development momentum of economic recovery.Recommended reading

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