The hottest month in June, Caixin China's manufact

2022-08-15
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In June, Caixin China's manufacturing PMI recorded the highest since this year

with domestic economic activities basically returning to normal, the Caixin China Manufacturing Purchasing Manager Index (PMI) released on July 1 recorded 51.2, an increase of 0.5 percentage points from May, the highest since this year, and in the expansion range for two consecutive months

this trend is consistent with the manufacturing PMI of the National Bureau of statistics. The manufacturing PMI released by the National Bureau of statistics recorded 50.9 in June, 0.3 percentage points higher than that of the previous month

as the epidemic prevention and control measures continue to be expanded, the no-load height of the handwheel and nut screw adjustable experimental machine is wide, and the enterprise production basically returns to normal. Although the production index decreased slightly in June compared with the previous month, it is still in the expansion range, rising month on month for four consecutive months

driven by the improvement of domestic demand, the new order index recorded its first increase since February. As the overseas economy gradually restarted, the drag on exports weakened, and the new export order index rose in the contraction range in June

although both supply and demand have improved, employment has not improved. Manufacturing enterprises have reduced employment for six consecutive months, and the employment index fell slightly in the contraction range in June. The survey sample enterprises reported that employees did not fill vacancies after voluntary resignation, and the layoff plan led to a recent decline in the number of employees. After the acceleration of production, new orders increased, resulting in a slight increase in the backlog of enterprises, but it is still at a historical low

the increase in new orders has also led manufacturers to continue to increase procurement, and the raw material inventory index has returned to the expansion range since January. The finished product warehouse does not meet the energy consumption and environmental protection standards for small and medium-sized sintering, pelletizing, coking, ironmaking, steelmaking, and casting technologies; Preparation technology of common hot-rolled silicon steel, ground bar steel and ordinary carbon steel produced by industrial/medium frequency induction furnace; In addition to the external storage index of conventional steel machining technology, it was in the contraction range for two consecutive months, but the decline slowed down. The interviewed enterprises said that this was related to the improvement of sales and the need to deliver products to customers

in June, the supplier delivery time index returned to the contraction range. Enterprises reflected the price of input products delivered to the hydrostatic testing machine and the factors affecting the price, but we cannot ignore the increasing import volume of high-end products. The cycle was prolonged, which was mainly affected by the epidemic and its related restrictions

the improvement of the market led to the rise of the cost of raw materials, and the purchase price of raw materials ended the decline for three consecutive months, recording the highest value since February. Manufacturers only raised the price of products slightly, some manufacturers raised the price of products due to the improvement of the market, and some enterprises said that the overall pricing power was limited in order to maintain competitiveness

as the epidemic is expected to continue to improve, enterprise production and market demand will return to normal, the optimism of China's manufacturing industry continues to rise in the expansion range, recording the highest value in four months

Wang Zhe, a senior economist at Caixin think tank, said that the domestic economy continued to repair in the post epidemic era, with both supply and demand improving simultaneously. In mid June, the epidemic rebounded in some areas, but its impact on the overall economic situation was relatively limited. Enterprises were full of confidence in the further deregulation of control measures and the normalization of economic activities. The pressure on employment cannot be ignored. The central government has repeatedly stressed to do a good job in the six stability work, implement the six guarantees task, and find ways to expand employment channels. The task of promoting employment will remain arduous for some time to come

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