📊 China's Purchasing Managers Index (PMI) for June 2024 📈

National Bureau of Statistics Service Industry Survey Center and China Federation of Logistics and Purchasing

🏭 Manufacturing PMI Operation Status

In June, the Manufacturing PMI was 49.5%, unchanged from the previous month, indicating a basically stable manufacturing prosperity.

🔹 Large enterprises' PMI was 50.1%, down 0.6 percentage points from the previous month. 🔹 Medium and small enterprises' PMI were 49.8% and 47.4% respectively, up 0.4 and 0.7 percentage points from the previous month.

📈 The production index was above the critical point at 50.6%, indicating that manufacturing production continued to expand, though it decreased by 0.2 percentage points from the previous month. 📉 The new orders index was 49.5%, down 0.1 percentage points, indicating a slight decline in market demand prosperity for the manufacturing industry. 📉 The raw material inventory index was 47.6%, down 0.2 percentage points, indicating a continued reduction in the main raw material inventory of the manufacturing industry. 🔄 The employment index was 48.1%, unchanged from the previous month, indicating overall stable employment prosperity in the manufacturing industry. 🚚 The supplier delivery time index was 49.5%, down 0.6 percentage points, indicating an extension in the delivery time of raw materials by suppliers compared to the previous month.

🏢 Non-Manufacturing PMI Operation Status

In June, the non-manufacturing business activity index was 50.5%, down 0.6 percentage points from the previous month, but still above the critical point, indicating continued expansion in non-manufacturing.

🏗️ The construction industry business activity index was 52.3%, down 2.1 percentage points from the previous month. 📞 The service industry business activity index was 50.2%, down 0.3 percentage points from the previous month.

🚀 Industries such as air transport, postal services, telecommunications, broadcasting, satellite transmission services, monetary financial services, and insurance had business activity indexes above 55.0%, indicating high prosperity. 📉 Industries like capital market services and real estate had business activity indexes below the critical point.

📉 The new orders index was 46.7%, down 0.2 percentage points, indicating a slight decline in market demand prosperity for non-manufacturing. 📉 The input price index was 49.6%, down 0.1 percentage point, indicating a general decline in the level of prices for inputs used in non-manufacturing operations. 📉 The sales price index was 47.6%, down 0.2 percentage points, indicating a continued decline in the overall level of sales prices for non-manufacturing. 📉 The employment index was 45.8%, down 0.4 percentage points, indicating a decrease in employment prosperity for non-manufacturing enterprises. 🔄 The business activity expectation index was 57.2%, up 0.3 percentage points, indicating optimism for market development prospects among non-manufacturing enterprises.

📊 Comprehensive PMI Output Index Operation Status

In June, the comprehensive PMI output index was 50.5%, down 0.5 percentage points from the previous month, but above the critical point, indicating that the overall business operations and production activities of enterprises in China continue to expand.

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