In June, the Chinese manufacturing procurement manager index returned to the expansion range, the overall recovery of China's economic recovery accelerated

Source: People's Daily Overseas Author: Wang Wenzheng

Recently, aluminum smelting and processing enterprises in Longxi County, Dingxi City, Gansu Province have stepped up their production to make orders from domestic and foreign customers. The picture shows the employees of an aluminum company in Longxi County busy in the workshop. Photo by Xinhua News Agency reporter Ma Xiping

A few days ago, data released by the National Bureau of Statistics showed that in June, the China Manufacturing Purchasing Manager Index (PMI), non -manufacturing business activity indexes and comprehensive PMI output indexs were 50.2%, 54.7%, and 54.1%, respectively, higher than 0.6 last month 0.6 , 6.9 and 5.7 percentage points, all rose to the expansion range. Zhao Qinghe, a senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, believes that with the continued improvement of the domestic epidemic prevention and control situation, the policy and measures of stability of the economy will accelerate the effectiveness, and China's overall economic recovery has accelerated.

In June, the manufacturing PMI was 50.2%

In June, the manufacturing PMI rose to 50.2%, and returned to the expansion range after shrinkage for three consecutive months.

From the perspective of enterprise scale, the large enterprise PMI is 50.2%, which is higher than the critical point for 2 consecutive months, continuing the recovery expansion momentum; the PMI of the medium -sized enterprise is 51.3%, which is higher than 1.9 percentage points last month. The acceleration; the PMI of small enterprises was 48.6%, which was 1.9 percentage points higher than last month, and the level of prosperity picked up.

From the perspective of the classification index, of the five classification indexes that constitute the manufacturing PMI, the production index, new order index and supplier delivery time index are higher than the critical point. Among them, the production index was 52.8%, an increase of 3.1 percentage points from the previous month, and returned to the critical point above, indicating that the manufacturing production was accelerated. The new order index was 50.4%, an increase of 2.2 percentage points from the previous month, indicating that the demand for the manufacturing market has improved. The supplier delivery time index was 51.3%, an increase of 7.2 percentage points from the previous month, indicating that the delivery time of the manufacturing raw material supplier's delivery time was significantly accelerated compared with the previous month.

Zhao Qinghe analyzed that the return of the purchasing manager index in June reflects the significantly positive change compared with May compared with May.

"Although the manufacturing industry continues to recover this month, 49.3%of companies still report that the orders are insufficient, and the weak market demand is still the main problem facing the current manufacturing. In the contraction range, the profit space of some enterprises is squeezed to a certain extent, and the operating pressure is greater. "Zhao Qinghe said that there are still many uncertain factors at home and abroad. Consolidate the development momentum of economic recovery.

The prosperity of the manufacturing industry continues to expand

In June, of the 21 industries surveyed, 13 industries PMI was located in the expansion range. The prosperity of the manufacturing industry continued to expand, and positive factors continued to accumulate.

Zhao Qinghe analyzed that with the continued advancement of resumption of work and re -production, the company's early suppression of production demand was accelerated. From the perspective of industry conditions, the production index and new order indexes of automobiles, universal equipment, dedicated equipment, computer communication electronic equipment and other industries are higher than 54.0%, and production needs to be recovered faster than the overall manufacturing. At the same time, policies and measures such as logistics and conservation are effective, and the delivery time of suppliers is significantly accelerated compared with the previous month, which effectively guarantees the production and operation of enterprises.

High -tech and equipment manufacturing resume 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.

Enterprises expect to improve. 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 of nearly 3 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 in the recent market development.

The service industry continues the recovery situation

In June, the non -manufacturing business activity index rose sharply to the expansion range. "The non -manufacturing business activity index was 54.7%, which was higher than 6.9 percentage points last month, and it was obviously recovered for 2 consecutive months." Zhao Qinghe said.

The prosperity of the service industry is restored to the expansion range. Zhao Qinghe analyzed that the domestic epidemic situation was stable in June, and the various policies and measures for the help of enterprises to help enterprises gradually landed, and the service industry continued to recover. 7.2 percentage points, 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. Among them, the industry's business activities indexes that were severely impacted by the epidemic in the early stage have recovered. Railway transportation, aviation transportation and other industries are higher than 65.0%, and the total business volume has increased for 2 consecutive months. "From the perspective of market demand and expectations, the expectations of the new order index and business activities are 53.7%and 61.0%, respectively, which is higher than 10.0 and 5.8 percentage points last month. Confidence has gradually recovered. "Zhao Qinghe said. At the same time, the construction industry rose to a higher prosperity range. The business activity index of the construction industry was 56.6%, which was higher than 4.4 percentage points last month, indicating that the construction industry's prosperity has rebounded; supplier delivery time index is 50.5%, which is higher than 8.8 percentage points last month, indicating that the traffic and logistics policies have achieved practical results. Essence 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.

In June, the comprehensive PMI output index was 54.1%, which was higher than 5.7 percentage points last month; the manufacturing production index and non -manufacturing business activity index that constituted the comprehensive PMI output index were 52.8%and 54.7%, respectively. "The comprehensive PMI output index continues to rise, indicating that the production and operation of Chinese enterprises will generally show a recovery expansion." Zhao Qinghe said.

(Editor in charge: Chang Shuai Shuai)

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