Abstract The total volume of new business accelerated, and the new order index and output index both reached their highest levels since February. However, enterprises are still relatively cautious about increasing employment. The employment index is the lowest in 10 months. The increase in enterprise input costs is considerable on August 1. The announced July Caixin China Manufacturing Purchasing Manager said...
The new business volume accelerated, the new order index and output index both reached their highest levels since February, but the company is still relatively cautious about increasing employment, the employment index is the lowest in 10 months, and the increase in corporate input costs is impressive on August 1. July's Caixin China Manufacturing Purchasing Managers' Index (PMI) recorded 51.1, up from 0.7 percentage points in June, hitting a four-month high. Manufacturing operations improved for two consecutive months, reversing the slight slowdown in May. status.
This trend is different from the official manufacturing PMI. The National Bureau of Statistics announced that the manufacturing PMI for July was 51.4, down 0.3 percentage points from the previous month.
The promotion of Caixin's manufacturing PMI in China is accelerating the growth of new business volume. The July new order index recorded the most significant in five months. The respondents generally reported that the market conditions improved and overseas demand was strong. Among them, the new export order index recorded the second highest growth rate since September 2014.
In response to customer demand growth, manufacturers continued to increase production in July, and like the new business, the output index also recorded the highest since February.
In July, although manufacturing production and new orders have expanded, manufacturers continue to be relatively cautious about employment, and the scale of employment is further shrinking, and the contraction rate is the most significant in ten months.
The average manufacturing input cost in July rose considerably, the highest in four months. Many of the respondents reported that raw material prices have risen. Therefore, the manufacturer also raised the ex-factory price for two consecutive months, and the fare increase rate exceeded last month.
Zhong Zhengsheng, chairman and chief economist of Caixin think tank Monita research, said that the manufacturing boom in July rose again, the economy continued its rebound last month, and financial supervision was hard to relax.
This trend is different from the official manufacturing PMI. The National Bureau of Statistics announced that the manufacturing PMI for July was 51.4, down 0.3 percentage points from the previous month.
The promotion of Caixin's manufacturing PMI in China is accelerating the growth of new business volume. The July new order index recorded the most significant in five months. The respondents generally reported that the market conditions improved and overseas demand was strong. Among them, the new export order index recorded the second highest growth rate since September 2014.
In response to customer demand growth, manufacturers continued to increase production in July, and like the new business, the output index also recorded the highest since February.
In July, although manufacturing production and new orders have expanded, manufacturers continue to be relatively cautious about employment, and the scale of employment is further shrinking, and the contraction rate is the most significant in ten months.
The average manufacturing input cost in July rose considerably, the highest in four months. Many of the respondents reported that raw material prices have risen. Therefore, the manufacturer also raised the ex-factory price for two consecutive months, and the fare increase rate exceeded last month.
Zhong Zhengsheng, chairman and chief economist of Caixin think tank Monita research, said that the manufacturing boom in July rose again, the economy continued its rebound last month, and financial supervision was hard to relax.
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