In June, China'S Manufacturing PMI50.9% Rose.

At present, all regions and departments in line with the deployment of the CPC Central Committee and the State Council, do a good job of "six stability" and implement the "six guarantees" task, and strive to overcome the adverse effects brought by the new crown pneumonia epidemic, and the overall recovery of China's economic operation continues to improve.

According to the National Bureau of statistics, in June 2020, China's Manufacturing Purchasing Managers Index (PMI) was 50.9%, an increase of 0.3 percentage points from last month. Of the 21 industries surveyed, 14 industries were PMI above the critical point, 5 more than last month, and the manufacturing sector steadily recovered and the fundamentals continued to improve.   From the scale of enterprises, The PMI of large and medium-sized enterprises were 52.1% and 50.2%, 0.5 and 1.4 percentage points higher than that of last month, while PMI for small enterprises was 48.9%, down 1.9 percentage points from last month.

Judging from the classification index, Among the 5 sub indices of manufacturing PMI, production index, new order index and supplier delivery time index are all above the critical point, and raw material inventory index and employment index are all below the critical point. The production index is 53.9%. 0.7 percentage points higher than last month, indicating that manufacturing output continues to pick up. The new order index is 51.4%. 0.5 percentage points higher than last month, a two consecutive month of recovery, indicating that the manufacturing market demand continues to recover. The stock index of raw materials was 47.6%, up 0.3 percentage points from last month, indicating that the main raw material inventory in manufacturing industry has narrowed down. The employment index is 49.1%. Lower than last month's 0.3 percentage points, indicating that the manufacturing enterprises' employment attitude has dropped slightly.   The supplier delivery time index is 50.5%. Although it was unchanged from last month, it was higher than the critical point, indicating that the delivery time of manufacturing materials suppliers accelerated.

According to the interpretation of relevant experts, the following characteristics are presented: First, supply and demand continue to warm up. Production index and new orders index rose, indicating that the manufacturing sector continues to pick up, and market demand continues to recover. Two, the price index has risen. The main raw material purchase price index and ex factory price index were 56.8% and 52.4% respectively, up 5.2 and 3.7 percentage points from last month, all of which are high in the year.   Three, the import and export index has improved. As the world's major economies resumed the economy, the import and export index of China's manufacturing industry rebounded lower this month, with the new export orders index of 42.6%, up 7.3 percentage points from last month, and the import index of 47%, up 1.7 percentage points from the previous month.   Four, business confidence is basically stable. Although the production and operation activity expectation index has dropped slightly, it still achieves 57.5%, indicating that the manufacturing enterprises are more optimistic about the recent market recovery.

Although the PMI index has rebounded this month and the manufacturing sector has steadily recovered, it is also necessary to see that uncertainties remain. First, the import and export index has improved for two consecutive months, but it is still below the critical point. The current overseas epidemic situation has not yet been effectively controlled, and the external market is still variable. Two, the pressure of recovery is still relatively large in some industries, and PMI in textile, textile, clothing, apparel and other manufacturing industries is still below the critical point. Three, small enterprises are more difficult to produce and operate, and small enterprises that reflect insufficient orders are higher than large and medium-sized enterprises.