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Manufacturing PMI fell to 50% in July non manufacturing steady for the better

Release Time:2015-08-17

The National Bureau of statistics, Chinese Federation of logistics and purchasing jointly released data show that in July China's Manufacturing Purchasing Managers Index (PMI) was 50%, slightly higher than in June dropped 0.2 percentage points. From the main index, compared with the previous month, July production index, new orders index and export index, the backlog of orders index, purchasing volume index, import index, employment index has declined slightly, only the supplier delivery time, production and business activity index is expected to rise slightly. From the enterprise scale, July, large, medium and small enterprises were down PMI.

The National Bureau of statistics also announced the production of non manufacturing industry in July. Data show that in July, the manufacturing PMI index at 53.9% Chinese, last month edged up 0.1 percentage points. The non manufacturing industry PMI rose for two consecutive months, indicating the good manufacturing operation of the overall stability in china.

Chinese Logistics Information Center said, July manufacturing data fell slightly, the index is normal fluctuations, mainly affected by the high temperature and rainy weather and other short-term factors. But the recent PMI index trend is weak, also reflects the current economic situation is still not stable steady trend, downward pressure is still large, the macro-control should increase efforts to control the orientation in the interval on the basis of the regulation, timely fine-tuning.

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