The manufacturing industry in China in June was 51.5%, and the manufacturing industry remained at an overall level of expansion in PMI

[ China Instrument Network Instrument Market ] According to the latest data released by the National Bureau of Statistics, in June 2018, the China Manufacturing Purchasing Managers Index (PMI) was 51.5%, down 0.4 percentage points from the previous month, still higher than the average of 0.2 in the first half. Percentage points, the overall manufacturing industry continues to expand.
 
In terms of enterprise scale, the PMI of large enterprises was 52.9%, down 0.2 percentage points from the previous month and staying above the critical point; the medium-sized enterprise PMI was 49.9%, down 1.1 percentage points from the previous month and falling below the critical point; small enterprises The PMI was 49.8%, up 0.2 percentage points from the previous month and still below the critical point.
 
From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index, the new order index and the supplier delivery time index are above the critical point, and the raw material inventory index and the employee index are below the critical point.
 
The production index was 53.6%, which was 0.5 percentage points lower than the previous month. It is still in the expansion range, indicating that manufacturing production has maintained growth and the growth rate has slowed down.
 
The new order index was 53.2%, down 0.6 percentage points from the previous month and continued to be above the critical point, indicating that the manufacturing market demand has continued to expand and the growth rate has narrowed.
 
The raw material inventory index was 48.8%, down 0.8 percentage points from the previous month and below the critical point, indicating that the main raw material inventory of the manufacturing industry continued to decrease.
 
The employee index was 49.0%, slightly lower than the previous month's 0.1 percentage point, below the critical point, indicating that the manufacturing industry contracted.
 
The supplier's delivery time index was 50.2%, higher than the previous month's 0.1 percentage point, above the critical point, indicating that the manufacturing raw material suppliers' delivery time has accelerated.
 
Zhao Qinghe, senior statistician of the Service Industry Research Center of the National Bureau of Statistics, believes that:
 
Since the beginning of this year, the manufacturing PMI has been operating in the boom zone of 50.0% or above. The average value in the first half of the year was 51.3%. The manufacturing PMI of this month was 51.5%, down 0.4 percentage points from the previous month and still higher than the average of 0.2 percentage points in the first half of the year. The manufacturing industry has generally maintained expansion. The main features of this month: First, the fundamentals of the manufacturing industry are generally good. Among the 21 industries surveyed, the PMI of 15 industries is in the expansion range. The PMI of pharmaceutical manufacturing, special equipment manufacturing, computer communication electronic equipment and instrumentation manufacturing are all in the higher economic range of 54.0% or more. Fast growth. Second, overall growth in production and demand. The production index and the new order index were 53.6% and 53.2%, respectively, although they were 0.5 and 0.6 percentage points lower than the previous month, but still higher than the average of 0.6 and 0.4 percentage points in the first half of the year. The market supply and demand continued to expand. Third, the import and export sentiment has declined. The new export order index was 49.8%, down 1.4 percentage points from the previous month. The import index was 50.0%, which was 0.9 percentage points lower than the previous month. The overall import and export of the manufacturing industry slowed down. Fourth, the price index continues to rise. The purchase price index of major raw materials was 57.7%, which was 1.0 percentage points higher than the previous month and rose for two consecutive months. The ex-factory price index was 53.3%, up 0.1 percentage point from the previous month and the highest point this year. Among them, the purchase price index and ex-factory price index of major raw materials for ferrous metal smelting and rolling processing industries rose to over 70.0%, and the increase was expanded.
 
In terms of enterprise scale, the PMI of large enterprises was 52.9%, down 0.2 percentage points from the previous month, still the second highest point in the year, and also the main support for the stable expansion of the manufacturing industry; the medium-sized enterprise PMI was 49.9%, down 1.1 from last month. Percentage; small business PMI was 49.8%, up 0.2 percentage points from the previous month.