The index is stable at 49.4: this is confirmed by the National Statistics Office (NBS)
In the purchasing sector, no economic turbulence for China, which remains stable. In fact, the purchasing managers’ index (PMI) for the Chinese manufacturing sector remained stable at 49.4 for the month of June, in line with that of May. The national statistics office (NBS) confirmed this.
Among the important values to be calculated is the production sub-index, one of the main factors used in the calculation of SMEs, which fell by 0.4 points to 51.3 in June, while the sub-index of new orders fell to 49, 6. Senior statesman Nha Zhao Qinghe said: “However, production has continued to expand as a whole and industry updates have continued. Among the 21 sectors surveyed, 13 have published expanding production readings.”
The data also showed that China’s non-manufacturing sector remained stable in June
On the other hand, the production sub-index for high technology, equipment production and consumer goods industries has recorded monthly increases, Zhao said during the elaboration of the economic indicator. Market sentiment remains stable as the sub-index of job expectations stood at 53.4 in June.
The data also showed that China’s non-manufacturing sector remained stable in June, with an PMI reading of 54.2. The non-manufacturing PMI remained above 54 for 6 consecutive months, indicating a relatively high level of expansion and a stabilizing development in the sector, said Zhao.
There are many expansive policies and strong anti-cyclical adjustments
Among the data to be calculated, there are also natural events. Wen Tao, an analyst at the China Logistics Information Center, attributed the slowdown in the growth of market demand to monthly factors, such as heavy rains in the southern regions, the Sichuan earthquake and continuous high temperatures in the northern regions of the country.
PMI surveys in the first half of the year (H1) indicated downward pressure on the manufacturing sector, but the broader economy will remain stable in H2, Wen said. Favorable factors include improving economic performance in H1 and stable growth in the high-tech manufacturing, equipment production and consumer goods sectors. “There are many expansive policies and strong anti-cyclical adjustments,” said Wen.
MORE ON THIS TOPIC