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Manufacturing recovers expansion, with June manufacturing PMI at 50.2%

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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According to the National Bureau of Statistics website on June 30, in June, the manufacturing purchasing managers' index (PMI) was 50.
2%, up 0.
6 percentage points from the previous month, returning to above the critical point, and the manufacturing industry resumed expansion
.

The so-called PMI is a composite index, which is generally weighted by five diffusion indexes, namely the new order index, the production index, the employee index, the supplier delivery time index, and the main raw material inventory index
.
PMI is a comprehensive system of economic monitoring indicators published
monthly.
PMI index 50 is the waterline of prosperity and drought (when PMI is greater than 50, it indicates that the economy is developing
.
When the PMI is less than 50, the economy is in recession
.
The higher the PMI index, the stronger
the economic development.
)

From the perspective of enterprise scale, the PMI of large enterprises was 50.
2%, down 0.
8 percentage points from the previous month, still above the critical point; the PMI of medium-sized enterprises was 51.
3%, up 1.
9 percentage points from the previous month, and returned to above the critical point; the PMI of small enterprises was 48.
6%, up 1.
9 percentage points from the previous month, still below the critical point
.

According to the perspective of employees, the employee index was 48.
7%, up 1.
1% from May in June, indicating that the demand for labor in manufacturing enterprises has gradually increased
.
From the perspective of supplier delivery time, the supplier delivery time index was 51.
3%, up 7.
2% in June from May, returning to above the critical point, indicating that the delivery time of manufacturing raw material suppliers was significantly faster
than in May.

From the perspective of sub-indexes, among the five sub-indices that make up the manufacturing PMI, the production index, new order index and supplier delivery time index are all above the critical point, and the raw material inventory index and the employee index are all below the critical point
.
The production index was 52.
8% in June, up 3.
1% from May, indicating an accelerated recovery in manufacturing production
.
The new orders index was 50.
4%, up 2.
2% in June from May, indicating an increase
in market demand.

Original: Manufacturing recovery expansion, manufacturing PMI in June was 50.
2%

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