PMI Was 50.7%&Nbsp In July, A 29 Month Low.

Judging from the sub index,

In the 20 industries of this month, 10 industries, such as agricultural and sideline food processing and food manufacturing, beverage manufacturing, ferrous metal smelting and calendering processing, were over 50%, of which more than 60% of agricultural and sideline food processing and food manufacturing industries; 50% of chemical raw materials and chemical products manufacturing industry; 9 industries of metal products, non-ferrous metal smelting and calendering processing, and general equipment manufacturing were below 50%.

From the product type, raw materials and energy, intermediate goods and consumer goods enterprises are higher than 50%, and manufacturing enterprises are less than 50%.

According to the survey of purchasing managers in manufacturing industry in July, Zhang Liqun, an analyst with special analysts, said: "the PMI index has declined for 4 consecutive months, indicating that our economy is still in the process of callback.

Judging from the change of economic growth rate, the overall situation is a steady callback trend, which is in line with the goal of adjusting the structure and changing the way.

At present, we must closely observe consumption.

The new order index picked up slightly.

This month's new order index was 51.1%, up 0.3 percentage points from last month.

In the 20 industries, 10 industries, such as beverage manufacturing, agricultural and sideline food processing and food manufacturing, were higher than 50%, and 10 industries such as chemical raw materials and chemical products, metal products and pharmaceutical manufacturing were below 50%.

From the regional perspective, the East is higher than 50%, while the West and the West are below 50%.

From the product type, the consumer goods enterprises are higher than 50%; raw materials and energy, intermediate goods and production enterprises are less than 50%.

Production index continues to fall.

This month's production index was 52.1%, down 1 percentage points from last month.

In the 20 industries, 12 industries, such as agricultural and sideline food processing and food manufacturing, beverage manufacturing and so on, were higher than 50%. Chemical fiber manufacturing and rubber (32270, -850.00, -2.57%) plastics (9975, -520.00, -4.95%) products, metal products, non-ferrous metal smelting and calendering processing industries 8 industries were below 50%.

In terms of product type, raw materials and energy, intermediate goods and consumer goods enterprises are higher than 50%, and manufacturing enterprises are less than 50%.

Import index has risen, new export orders index

This month's new export orders index was 50.4%, a slight decrease of 0.1 percentage points from last month.

In the 20 industries, 14 industries, such as wood processing and furniture manufacturing, tobacco products, nonferrous metal smelting and calendering processing, were higher than 50%, while ferrous metal smelting and calendering processing, chemical fiber manufacturing, rubber and plastic products, pportation and equipment manufacturing 6 industries were below 50%.

Finished goods inventory index fell.

This month finished product inventory index was 49.2%, down 1.8 percentage points from last month.

According to the industry, 8 industries, such as wood processing and furniture manufacturing, pharmaceutical manufacturing, and so on, are higher than 50% in the 20 industries. The chemical raw materials and chemical products manufacturing industry is located at 50%, while the 11 industries of special equipment manufacturing, clothing and footwear manufacturing, fur and feather products, electrical machinery and equipment manufacturing are below 50%.

From the product type, raw materials and energy enterprises are higher than 50%, and consumer goods and production enterprises are less than 50%.

The purchase price index eased slightly.

This month's purchase price index was 56.3%, down 0.4 percentage points from last month.

According to the industry, only 20 industries, only 50% of the textile industry, the remaining 19 industries are higher than 50%, of which 7 of the leading industries of non-metallic mineral products reached more than 60%, the industry led by 70%.

In terms of product type, raw materials and energy, intermediate goods, consumer goods and production enterprises were all higher than 50%, of which raw materials and energy and consumer goods were the highest, reaching more than 57%.

Description of China Manufacturing Purchasing Managers Index (PMI)

The manufacturing purchasing managers surveyed 820 sample enterprises from the national manufacturing enterprises, and conducted a monthly questionnaire survey on purchasing managers.

The survey covers 28 industries of the manufacturing industry in the classification of national economy (GB/T4754-2002), and each industry distribus the sample enterprises according to their scale.

The questionnaire involved production volume and new

PMI is a composite index calculated by weighting the 5 diffusivity index (classification index).

The 5 classification index and its weights are determined according to their antecedent impact on the economy.

Including: the new order index, the weight is 30%, the production index, the weight is 25%, the employee index, the weight is 20%, the supplier delivery time index, the weight is 15%, the raw material inventory index, the weight is 10%.

PMI is one of the international macroeconomic monitoring indicators and plays an important role in monitoring and forecasting national economic activities.

Usually, 50% is the cut-off point of the economic strength and PMI is higher than 50%, which reflects the economic expansion of manufacturing industry. Below 50% reflects the economic recession of manufacturing industry.