China's manufacturing purchasing managers' index (PMI) was 49.4 per cent in June, unchanged from the previous month-Shanghai Metals Market

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China's manufacturing purchasing managers' index (PMI) was 49.4 per cent in June, unchanged from the previous month

Translation 09:31:59AM Jun 30, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: today's National Bureau of Statistics announced the operation of China's purchasing manager index in June 2019.

I. Operation of Purchasing Manager Index of China's Manufacturing Industry

In June 2019, the (PMI) of China's manufacturing purchasing managers index was 49.4%, unchanged from the previous month.

 

In terms of enterprise size, the PMI of large enterprises was 49.9 per cent, down 0.4 percentage points from the previous month, slightly below the critical point, while the PMI of small and medium-sized enterprises was 49.1 per cent and 48.3 per cent, up 0.3 and 0.5 percentage points from the previous month, respectively, below the critical point.

From the point of view of the sub-index, among the five sub-indexes that make up the manufacturing PMI, the production index and supplier distribution time index are higher than the critical point, while the new order index, raw material inventory index and employee index are lower than the critical point.

The production index was 51.3%, down 0.4 percentage points from the previous month and above the tipping point, indicating that manufacturing production continued to grow and the growth rate slowed.

The new orders index, which stood at 49.6%, down 0.2 percentage points from the previous month, was below the tipping point, indicating a decline in orders for manufactured goods.

The raw material inventory index was 48.2 per cent, up 0.8 percentage points from the previous month and below the tipping point, indicating that the decline in inventories of major raw materials in the manufacturing sector continued to narrow.

The employment index was 46.9 per cent, down 0.1 percentage points from the previous month and below the tipping point, indicating a decline in employment sentiment among manufacturing companies.

The supplier delivery time index was 50.2 per cent, down 0.7 percentage points from the previous month, but above the tipping point, indicating that suppliers of manufacturing raw materials delivered faster delivery times than last month.

II. Operation of Purchasing Manager Index for non-Manufacturing Industry in China

In June 2019, China's non-manufacturing business activity index was 54.2 per cent, down 0.1 percentage points from the previous month and continuing to be in the expansion range.

By industry, the index of business activity in the service sector was 53.4%, down 0.1 percentage points from the previous month, and the service sector continued to expand steadily. From the perspective of industry categories, the business activity index of railway transport industry, air transport industry, telecommunications radio and television satellite transmission service, monetary and financial services and insurance industry is in the higher economic range of 59.0% or more, and the total business volume is growing rapidly. the business activity index of road transport industry, accommodation industry, catering industry, residential service and repair industry is lower than the critical point, and the total business volume has dropped. The index of business activity in the construction industry was 58.7%, up 0.1 percentage points from the previous month, and continued to be in a higher economic range, while construction production activity accelerated slightly.

The index of new orders was 51.5 per cent, up 1.2 percentage points from the previous month and above the tipping point, indicating that demand in the non-manufacturing market continued to grow and accelerated. By industry, the index of new orders for services was 50.7 percent, up 0.7 percentage points from the previous month, while the index for new orders for construction was 56.0 percent, up 3.9 percentage points from the previous month.

The input price index was 51.5 per cent, down 0.7 percentage points from the previous month and above the tipping point, indicating that the overall level of increase in the price of inputs used by non-manufacturing companies for business activities has narrowed. In terms of different industries, the price index of inputs in the service sector was 51.1 percent, down 0.6 percentage points from the previous month, while the price index for inputs in the construction industry was 53.9 percent, down 1.2 percentage points from the previous month.

The sales price index was 49.7%, down 0.2 percentage points from the previous month and below the tipping point, indicating that the overall level of non-manufacturing sales prices has fallen back. By industry, the service sales price index was 49.1 percent, down 0.4 percentage points from the previous month, while the construction sales price index was 52.8 percent, up 0.2 percentage points from the previous month.

The employment index was 48.2 per cent, down 0.1 percentage points from the previous month and below the tipping point, indicating a slight decline in employment sentiment among non-manufacturing companies. By industry, the service sector employment index was 47.9%, the same as last month, while the construction industry employment index was 50.4%, down 0.2 percentage points from the previous month.

The business activity forecast index was 60.6%, up 0.4 percentage points from the previous month, and remained in the high economic range, indicating that non-manufacturing enterprises are more optimistic about recent market development. By sector, the services business activity expectation index was 60.3 percent, up 0.8 percentage points from the previous month, while the construction business activity expectation index was 62.6 percent, down 1.5 percentage points from the previous month.

III. Operation of China's Comprehensive PMI output Index

In June 2019, the composite PMI output index was 53.0%, down 0.3 percentage points from the previous month, indicating that the production and management activities of Chinese enterprises have continued to expand, but the pace has slowed down.

Key Words:  PMI  manufacturing  data  capacity 

China's manufacturing purchasing managers' index (PMI) was 49.4 per cent in June, unchanged from the previous month

Translation 09:31:59AM Jun 30, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: today's National Bureau of Statistics announced the operation of China's purchasing manager index in June 2019.

I. Operation of Purchasing Manager Index of China's Manufacturing Industry

In June 2019, the (PMI) of China's manufacturing purchasing managers index was 49.4%, unchanged from the previous month.

 

In terms of enterprise size, the PMI of large enterprises was 49.9 per cent, down 0.4 percentage points from the previous month, slightly below the critical point, while the PMI of small and medium-sized enterprises was 49.1 per cent and 48.3 per cent, up 0.3 and 0.5 percentage points from the previous month, respectively, below the critical point.

From the point of view of the sub-index, among the five sub-indexes that make up the manufacturing PMI, the production index and supplier distribution time index are higher than the critical point, while the new order index, raw material inventory index and employee index are lower than the critical point.

The production index was 51.3%, down 0.4 percentage points from the previous month and above the tipping point, indicating that manufacturing production continued to grow and the growth rate slowed.

The new orders index, which stood at 49.6%, down 0.2 percentage points from the previous month, was below the tipping point, indicating a decline in orders for manufactured goods.

The raw material inventory index was 48.2 per cent, up 0.8 percentage points from the previous month and below the tipping point, indicating that the decline in inventories of major raw materials in the manufacturing sector continued to narrow.

The employment index was 46.9 per cent, down 0.1 percentage points from the previous month and below the tipping point, indicating a decline in employment sentiment among manufacturing companies.

The supplier delivery time index was 50.2 per cent, down 0.7 percentage points from the previous month, but above the tipping point, indicating that suppliers of manufacturing raw materials delivered faster delivery times than last month.

II. Operation of Purchasing Manager Index for non-Manufacturing Industry in China

In June 2019, China's non-manufacturing business activity index was 54.2 per cent, down 0.1 percentage points from the previous month and continuing to be in the expansion range.

By industry, the index of business activity in the service sector was 53.4%, down 0.1 percentage points from the previous month, and the service sector continued to expand steadily. From the perspective of industry categories, the business activity index of railway transport industry, air transport industry, telecommunications radio and television satellite transmission service, monetary and financial services and insurance industry is in the higher economic range of 59.0% or more, and the total business volume is growing rapidly. the business activity index of road transport industry, accommodation industry, catering industry, residential service and repair industry is lower than the critical point, and the total business volume has dropped. The index of business activity in the construction industry was 58.7%, up 0.1 percentage points from the previous month, and continued to be in a higher economic range, while construction production activity accelerated slightly.

The index of new orders was 51.5 per cent, up 1.2 percentage points from the previous month and above the tipping point, indicating that demand in the non-manufacturing market continued to grow and accelerated. By industry, the index of new orders for services was 50.7 percent, up 0.7 percentage points from the previous month, while the index for new orders for construction was 56.0 percent, up 3.9 percentage points from the previous month.

The input price index was 51.5 per cent, down 0.7 percentage points from the previous month and above the tipping point, indicating that the overall level of increase in the price of inputs used by non-manufacturing companies for business activities has narrowed. In terms of different industries, the price index of inputs in the service sector was 51.1 percent, down 0.6 percentage points from the previous month, while the price index for inputs in the construction industry was 53.9 percent, down 1.2 percentage points from the previous month.

The sales price index was 49.7%, down 0.2 percentage points from the previous month and below the tipping point, indicating that the overall level of non-manufacturing sales prices has fallen back. By industry, the service sales price index was 49.1 percent, down 0.4 percentage points from the previous month, while the construction sales price index was 52.8 percent, up 0.2 percentage points from the previous month.

The employment index was 48.2 per cent, down 0.1 percentage points from the previous month and below the tipping point, indicating a slight decline in employment sentiment among non-manufacturing companies. By industry, the service sector employment index was 47.9%, the same as last month, while the construction industry employment index was 50.4%, down 0.2 percentage points from the previous month.

The business activity forecast index was 60.6%, up 0.4 percentage points from the previous month, and remained in the high economic range, indicating that non-manufacturing enterprises are more optimistic about recent market development. By sector, the services business activity expectation index was 60.3 percent, up 0.8 percentage points from the previous month, while the construction business activity expectation index was 62.6 percent, down 1.5 percentage points from the previous month.

III. Operation of China's Comprehensive PMI output Index

In June 2019, the composite PMI output index was 53.0%, down 0.3 percentage points from the previous month, indicating that the production and management activities of Chinese enterprises have continued to expand, but the pace has slowed down.

Key Words:  PMI  manufacturing  data  capacity