The hottest manufacturing industry fully recovered

2022-10-19
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Manufacturing industry recovered in an all-round way

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core tip: China Federation of logistics and purchasing and the service industry survey center of the National Bureau of Statistics recently released that China's Manufacturing Purchasing Manager Index (PMI) in July was 51.1%, up 0.2 percentage points from the previous month

China Federation of logistics and purchasing and the service industry survey center of the National Bureau of Statistics recently released, In July, the purchasing managers' index (PMI) of China's manufacturing industry was 51.1%, up 0.2 percentage points from the previous month. As of July, the manufacturing PMI has been running at more than 50% for five consecutive months, especially in July, the index rebounded to more than 51%, indicating that the economy has accelerated its recovery

specifically, in July, the purchasing manager index of 17 of the 21 manufacturing industries was higher than 50%, and 13 industries increased from the previous month. The purchasing managers' index of large enterprises has remained above 50% for five consecutive months and that of medium-sized enterprises for two consecutive months. Although the recovery momentum of small enterprises has slowed down, their production activities are relatively stable

"the purchasing managers' index of manufacturing industry continued to increase in July, indicating that China's economy continued to rebound." Zhang Liqun, a researcher at the development research center of the State Council, believes that from the perspective of the sub index, the production end and supply end must ensure that the pressure of the accumulator is in a normal working state, and both indicators maintain a rising trend, indicating that the recovery and recovery of the manufacturing industry are comprehensive, and the production and operation cycle is smooth and tends to accelerate. At present, we should further do a good job in expanding domestic demand, effectively activate and release the investment and consumption potential of the large-scale domestic market, and promote the sound momentum of China's economic recovery

import and export continued to maintain a recovery momentum. In July, under the complex external environment, China's import and export continued to maintain a recovery momentum. The index of new export orders was 48.4%, an increase of 5.8 percentage points over the first draft of the "1035" plan framework submitted to the 6th Council for five times last month, and an increase for three consecutive months. The import index was 49.1%, up 2.1 percentage points from the previous month, hitting a new high this year

consumer goods and new kinetic energy industries grew rapidly. In July, the consumer goods industry accelerated its recovery. The PMI of the consumer goods industry was 51.6%, up 0.6 percentage points from the previous month, and higher than the manufacturing industry as a whole for four consecutive months. Both the production index and the new order index increased. New driving forces have also continued to grow rapidly, and the development process of domestic science and technology has accelerated. The PMI of high-tech industry increased by 0.2 percentage points to 51.3% from the previous month, of which the new order index increased by 0.5 percentage points to 52.5%. The PMI of equipment manufacturing industry was 51.8%, higher than that of the manufacturing industry as a whole, and the production index remained at a high level of 55.8%

Wen Tao, an analyst at China Logistics Information Center, said that in July, the new order index was 51.7%, maintained at more than 50%, an increase from the previous month. However, from the index increase and the reflection of enterprises, the new order index was 2.3 percentage points lower than the production index. "The recovery of demand is weaker than supply, which is the primary problem facing enterprises at present."

according to the data released by the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics, China's non manufacturing business activity index was 54.2% in July. Although it fell slightly by 0.2 percentage points from the previous month, it remained stable at more than 54% for two consecutive months, up slightly by 0.5 percentage points from the same period last year

in July, non manufacturing online services continued to be active, and new drivers developed strongly. The business activity index and new order index of the postal industry increased significantly from the previous month, with both indexes exceeding 60%; The business activity index of telecom related service industry has been running at more than 60% for four months, and the month on month increase is also obvious. The business activity index of the accommodation industry and catering industry remained at a high level of more than 57%, with a significant increase over the previous month and better than the same period last year

"there is another point for the non manufacturing industry to maintain stable and rapid growth, which is generally divided into two types: digital display and microcomputer control. Enterprises are expected to remain optimistic, which is conducive to the continued economic recovery in the second half of the year." Wu Wei, an analyst at China Logistics Information Center, said. It is worth noting that due to the flooding in the South and other factors, the new order index of wholesale industry and road transportation industry fell significantly in July. In the long run, we should continue to tap the potential of domestic demand, stimulate the driving force of demand growth, and further enhance the stability of economic recovery

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