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July 2023 China Manufacturing PMI: Rebound Continues Despite External Challenges

Securities Times News, Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, interpreted the China Purchasing Managers Index in July 2023. In July, the manufacturing PMI rebounded slightly for two consecutive months, and 10 of the 21 industries surveyed were in the expansion zone. range, an increase of 2 from the previous month, and the overall level of manufacturing prosperity continued to improve. From a global perspective, the initial value of the manufacturing PMI in the United States and the euro zone in July was 49.0% and 42.7%, respectively, which continued to be below the critical point, and the manufacturing industries in major economies such as Europe and the United States continued to shrink. Although my country’s manufacturing PMI rebounded to 49.3% this month, some enterprises in the survey reported that the current external environment is complicated and severe, overseas orders have decreased, and insufficient demand is still the main difficulty faced by enterprises.

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2023-07-31 01:50:03
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