In July, the PMI of the manufacturing industry was 49.0%.

Zhongxin Jingwei, July 31. On the 31st, the National Bureau of Statistics announced the operation of the China Purchasing Manager Index in July 2022. 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. The level of manufacturing prosperity fell.

From the perspective of enterprises, large and medium -sized enterprises PMIs are 49.8%and 48.5%, respectively, down 0.4 and 2.8 percentage points from the previous month, and decreased to below the critical point; small enterprise PMI is 47.9%, a decrease of 0.7 percentage points from the previous month. Below the critical point.

From the perspective of the classification index, of the five classification index that constitutes the manufacturing PMI, the supplier delivery time index is higher than the critical point, and the production index, the new order index, the raw material inventory index and the employee index are lower than the critical point.

The production index was 49.8%, a decrease of 3.0 percentage points from the previous month, and dropped to below the critical point, indicating that manufacturing production activities slowed down.

The new order index was 48.5%, a decrease of 1.9 percentage points from the previous month, and dropped to below the critical point, indicating that the demand for the manufacturing market has fallen.

The raw material inventory index was 47.9%, a decrease of 0.2 percentage points from the previous month, indicating that the main raw material inventory of the manufacturing industry continued to decrease.

The employee index was 48.6%, a decrease of 0.1 percentage points from the previous month, indicating that manufacturing enterprises have decreased slightly with the prosperity of work.

The supplier delivery time index was 50.1%, a decrease of 1.2 percentage points from the previous month, which is still higher than the critical point, indicating that the delivery time of manufacturing raw material suppliers is slightly accelerated compared to the previous month.

China's non -manufacturing procurement manager index operation situation

In July, the non -manufacturing business activity index was 53.8%, a decrease of 0.9 percentage points from the previous month. It is still located in the expansion range. Non -manufacturing has recovered for two consecutive months.

Looking at the branch industry, the business activity index of the construction industry was 59.2%, an increase of 2.6 percentage points from the previous month. The business activity index of the service industry was 52.8%, a decrease of 1.5 percentage points from the previous month. From the perspective of industry conditions, railway transportation, aviation transportation, accommodation, catering, telecommunications, radio and television and satellite transmission services, ecological protection and public facilities management, cultural sports and entertainment industry business activities index are more than 55.0%of the high boom range; capital market services , Insurance, Real Estate, Leasing, and Business Services and other industry business activities index are lower than the critical point.

The new order index was 49.7%, a decrease of 3.5 percentage points from the previous month, and dropped to below the critical point, indicating that the demand for the non -manufacturing market has slowed down. Looking at the branch industry, the new order index of the construction industry was 51.1%, an increase of 0.3 percentage points from the previous month; the new order index of the service industry was 49.5%, a decrease of 4.2 percentage points from the previous month.

The price index of the input product was 48.6%, a decrease of 4.0 percentage points from the previous month, and dropped to below the critical point, indicating that the overall level of input prices used by non -manufacturing enterprises for business activities decreased compared to the previous month. From the perspective of the branch industry, the price index of the construction industry input was 45.0%, a decrease of 3.7 percentage points from the previous month; the price index of the service industry input product was 49.2%, a 4.1 percentage point decreased from the previous month.

The sales price index was 47.4%, a decrease of 2.2 percentage points from the previous month, which continued to be lower than the critical point, indicating that the overall level of non -manufacturing sales price decreased. From the perspective of the branch industry, the sales price index of the construction industry was 50.2%, a decrease of 0.1 percentage points from the previous month; the service industry sales price index was 46.9%, a decrease of 2.6 percentage points from the previous month.

The employee index was 46.7%, a decrease of 0.2 percentage points from the previous month, indicating that non -manufacturing enterprises have declined with the prosperity of work. Looking at the branch industry, the construction industry employee index is 47.7%, a decrease of 0.6 percentage points from the previous month; the service industry employee index is 46.6%, which is the same as last month.

The business activity expectation index is 59.1%, a decrease of 2.2 percentage points from the previous month, which continues to be higher than the critical point, indicating that non -manufacturing enterprises are generally optimistic about the overall market recovery development. From the perspective of the branch industry, the expected index of construction business activities was 61.0%, a decrease of 2.1 percentage points from the previous month; the expected index of service industry business activities was 58.8%, a decrease of 2.2 percentage points from the previous month.

China's comprehensive PMI output index operating situation

In July, the comprehensive PMI output index was 52.5%, a decrease of 1.6 percentage points from the previous month, which was still higher than the critical point, indicating that the overall recovery expansion of Chinese enterprises' production and operation.

Zhao Qinghe, a senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, said that in July, the manufacturing procurement manager index was 49.0%, a decrease of 1.2 percentage points from the last month, at the critical point; The index was 53.8%and 52.5%, respectively, decreased by 0.9 and 1.6 percentage points from the previous month. It was located in the expansion range for two consecutive months. Generally speaking, the level of economic prosperity in my country has fallen, and the foundation of restoration needs to be stable.

Manufacturing purchasing manager index drops to contraction range

In July, affected by factors such as the low season of traditional production, the lack of release of market demand, and the decline in high energy -consuming industries, the manufacturing PMI dropped to 49.0%.

(1) Keep restoration of some industries. Among the 21 industries surveyed, 10 industries PMI is located in the expansion range, of which PMIs such as agricultural and sideline food processing, food and wine and beverage refined tea, special equipment, automobiles, railway ships, aerospace equipment and other industries are higher than 52.0%. Monthly expands, and production needs to 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 significantly lower than the overall level of manufacturing. It is one of the main factors of PMI falling this month. (2) The price index has fallen significantly. Affected by factors such as the price fluctuations of international commodities such as oil, coal, and iron ore, the purchase price index and the factory price index of the main raw materials were 40.4%and 40.1%, respectively, down 11.6 and 6.2 percentage points from the previous month. Among them, the two price indexes of black metal smelting and pressure -extended industry are the lowest in the investigation industry, and the procurement price of raw material procurement and product export prices have fallen significantly. Due to the significant fluctuation of the price level, some companies watched their mood and weakened their procurement willingness. The purchase index of this month was 48.9%, a decrease of 2.2 percentage points from the previous month.

(3) The expected index of production and operation activities is located in the expansion range. Recently, the internal and external environment of my country's economic development has become more complicated and severe. The production and operation of enterprises has continued to be under pressure. The market expects to be affected to some extent. The expected index of production and operation activities is 52.0%, a decrease of 3.2 percentage points from the previous month, which continues to be located in the expansion range. From the perspective of industry conditions, the production and operation activities of agricultural and sideline food processing, special equipment, automobiles, railway ships, aerospace equipment and other industries are expected to be in a high boom range of more than 59.0%, and the industry market is expected to be overall stable; and textile industry, petroleum coal and other other The fuel processing industry and black metal smelting and pressure -delay industries have been located in the contraction range for 4 consecutive months, and related companies have insufficient confidence in the development prospects of the industry.

The manufacturing supply and demand this month fell after the rapid release of the manufacturing industry. The production index and the new order index were 49.8%and 48.5%, respectively, decreased by 3.0 and 1.9 percentage points from the previous month, both in the contraction range. The survey results show that the proportion of enterprises that reflect the insufficient market demand have increased for 4 consecutive months, and this month is more than 50 %. Insufficient market demand is the main difficulty facing the current manufacturing enterprises.

Non -manufacturing business activity index continues to expand

In July, the non -manufacturing business activity index was 53.8%, which was lower than 0.9 percentage points last month. Non -manufacturing recovery growth for two consecutive months.

(1) The service industry continues to recover. In July, the business activity index of the service industry was 52.8%, 1.5 percentage points fell from the previous month. It continued to maintain the expansion range, indicating that the service industry continued to recover with a series of stable growth of consumer policy measures. Of the 21 industries surveyed, 16 industry business activities indexes are located in the expansion range. Among them, aviation transportation, accommodation, catering, ecological protection and public facilities management industries are higher than 60.0%. The business volume continues to recover quickly. At the same time, the business activities index of insurance, leasing and business services, and residential services have fallen, and it is located in the contraction range, and the industry's market activity is weak. From the market expectations, the business activity expectation index is 58.8%, and it continues to be located in a higher prosperity range. The expected index of all industry business activities in the survey is above the critical point for two consecutive months.

(2) The expansion of the construction industry is accelerated. The business activity index of the construction industry was 59.2%, which was higher than 2.6 percentage points last month. The construction industry production activities accelerated. From the perspective of the industry, 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, an increase of 0.2, 1.6, and 1.0 percentage points from the previous month, indicating that infrastructure project construction has accelerated accelerated. , Market demand has picked up, enterprise employment continues to increase, and the industry is expected to maintain steadily.

Comprehensive PMI output index expansion has slowed down

In July, the comprehensive PMI output index was 52.5%, which was lower than 1.6 percentage points last month, indicating that the production and operation activities of Chinese enterprises continued to expand, but the pace slowed down. The manufacturing production index and non -manufacturing business activity index that constitute the comprehensive PMI output index were 49.8%and 53.8%, respectively. (Zhongxin Jingwei APP)

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