The new data is announced, China's manufacturing expansion

Author:Global Times Time:2022.07.01

Reporter Zhao Jueyi

According to the data released by the National Bureau of Statistics and China Logistics and Procurement Federation on June 30, the data showed that in June, the China Manufacturing Purchasing Manager Index (PMI) was 50.2%, an increase of 0.6 percentage points from the previous month. After the monthly contraction, return to the Rongku Line, and the manufacturing recovery expansion. Zhao Qinghe, a senior statistician of the Service Industry Investigation Center of the National Bureau of Statistics, said that as the domestic epidemic prevention and control situation continued to improve, a policy of stabilizing the economy's policies and measures to accelerate the effectiveness of landing, and my country's overall economic recovery has accelerated.

PMI higher than 50%indicates the expansion of manufacturing activities, and less than 50%indicates that manufacturing activities shrink. Zhao Qinghe explained that among the 21 industries surveyed, 13 industries PMI is located in the expansion range, the manufacturing prosperity continues to expand, and positive factors continue to accumulate. From the perspective of the industry, the two indexes of automobiles and general equipment are higher than 54.0%, and production needs to be recovered faster than the overall manufacturing industry. At the same time, policies and measures such as logistics and conservation are effective, and the supplier delivery time index is 51.3%, which is higher than 7.2 percentage points of last month. The delivery time of suppliers is significantly accelerated compared with the previous month, and the production operation of enterprises is effectively guaranteed.

Wu Chaoming, deputy dean of the Caixin Research Institute, was interviewed by a reporter from the Global Times on June 30 that there are two main reasons for PMI to return to the expansion range: First, the Yangtze River Delta and the Northeast region with a better epidemic and the heavier epidemic affected by the epidemic situation, the heavier affected by the epidemic and the Northeast region affected The speed of re -production and re -production has been significantly accelerated; the second is the significant effect of the logistics and conservation policy, the recovery of the industrial chain supply chain, and the recovery of manufacturing production accelerated.

However, Zhao Qinghe also mentioned that although the manufacturing industry continued to recover in June, 49.3%of companies still reported that the orders were insufficient, and the weak market demand was still the main problem facing the current manufacturing industry. At the same time, the factory price index fell to 46.3%, and it was located in the contraction range for two consecutive months. The profit margin of some enterprises was squeezed to a certain extent, and the operating pressure was large.

Wu Chaoming analyzed the Global Times reporter that it is expected that PMI is expected to stabilize above the 50%Rongku line in the next few months, and industrial production will be better than the previous month. With the improvement of the prevention and control effect of the epidemic, the impact of the tension of the supply chain of logistics and industrial chain on industrial production has weakened; the second is that the preliminary policy enters the expiration period of landing, and policies such as stimulating consumption in the later stage may also be introduced. Speed ​​up and drive the formation of industrial production; the third is that the policy of supply and such as energy supply and other prices is also conducive to the stability of the manufacturing production.

The National Bureau of Statistics also released the non -manufacturing business activity index in June on the same day, 54.7%, which has risen significantly for two consecutive months. Zhao Qinghe said that the domestic epidemic situation was stable in June, and the policies and measures for various helping enterprises to help enterprises gradually landed, and the service industry continued to recover.

According to the US CNBC website, affected by PMI data, the Chinese stock market ushered in rising on June 30. On the same day, the Shanghai Index rose 1.1%to 3398.62 points, the Shenzhen Index rose 1.57%, and the GEM index rose 1.52%. On the whole, the Shanghai Index rose 6.66%in June, the Shenzhen Index rose 11.87%, and the GEM index rose 16.86%, both for two consecutive months. ▲

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