NBS: China July PMI 49, down 1.2 Points MoM

SHANGHAI, Aug 1 - In July, China Manufacturing Purchasing Managers’ Index (PMI) was 49.0, a decrease of 1.2 points from the previous month, which was below the 50-point mark, and the manufacturing prosperity weakened.

By enterprise scale, the PMI for big enterprises stood at 49.8, 0.4 point lower than in June; the PMI for medium-sized enterprises was 48.5, a drop of 2.8 points MoM; and that of small enterprises recorded 47.9, down of 0.7 point on the month.

Among the five sub-indices that make up the manufacturing PMI, the supplier delivery index exceeded 50, while the remaining four sub-indices all dropped to the contraction zone. 

The production index stood at 49.8, a decline of 3 point on the month, indicating that production in the manufacturing sector slowed.

The new order index was 48.5, down 1.9 points MoM, alluding contracting demand. 

The raw material inventory index recorded 47.9, a decrease of 0.2 point from June, indicating that inventory of major raw materials in the manufacturing sector kept falling. 

The employment index was 48.6, down 0.1 point from the previous month, indicating that the labour situation weakened slightly.

The index for supplier delivery time was 50.1, a decrease of 1.2 points from that in June, indicating that the delivery time of raw material suppliers shortened slightly compared with a month ago.