Purchasing Managers Index for July 2020

Aug 10, 2020  |  by Zhao xh


In July 2020, China’s manufacturing PMI was 51.1 percent, up by 0.2 percentage point from last month, continued to stay above the threshold for 5 months.


In terms of enterprise scale, the PMI of large enterprises was 52.0, slightly fell 0.1 percentage point over last month; that of medium enterprises was 51.2 percent, rose by 1.0 percentage point over last month; that of small enterprises was 48.6 percent, fell 0.3 percentage point over last month.

According to the classification index, the five sub-indices composing PMI, the production index, new orders index, and supplier distribution time index were all above the threshold, while main raw materials inventory index and employment index both stayed below the threshold.
 
Production index was 54.0 percent, up by 0.1 percentage point from last month, continued to stay above the threshold for 5 months, indicating that the manufacturing production continually improved month on month.
 
New orders index was 51.7 percent, up by 0.3 percentage point from last month, rising for 3 consecutive months, indicating that the manufacturing market demand continued to recover.
 
Main raw materials inventory index was 47.9 percent, higher 0.3 percentage point than last month, indicating that the decline rate of inventory of main raw materials in manufacturing industry has narrowed continually.
 
The employment index was 49.3 percent, rose by 0.2 percentage point than last month, indicating that the employment outlook of manufacturing enterprises has improved slightly.
 
Supplier distribution time index was 50.4 percent, slightly decreased by 0.1 percentage point over last month, but still stayed above the threshold, indicating that the delivery time of raw material suppliers in manufacturing industry has been accelerated continually.
Source: National Bureau of Statistics of China

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