National Bureau of Statistics: Manufacturing PMI was 49.7% in June, and the manufacturing industry continued to improve.

On June 30th, data from the National Bureau of Statistics showed that in June, the Purchasing Managers' Index (PMI) for the manufacturing sector was 49.7%, an increase of 0.2 percentage points from the previous month, indicating a continued improvement in the manufacturing industry. Looking at the enterprise scale, the PMI for large enterprises was 51.2%, an increase of 0.5 percentage points from the previous month, above the threshold level; the PMI for medium-sized enterprises was 48.6%, an increase of 1.1 percentage points from the previous month, below the threshold level; and the PMI for small enterprises was 47.3%, a decrease of 2.0 percentage points from the previous month, also below the threshold level. Among the 5 sub-indices that make up the manufacturing PMI, the production index, new orders index, and supplier delivery time index were all above the threshold level, while the raw material inventory index and employment index were below the threshold level. The production index was 51.0%, up 0.3 percentage points from the previous month, indicating increased production activity in the manufacturing sector. The new orders index was 50.2%, up 0.4 percentage points from the previous month, showing an improvement in market demand for manufacturing. The raw material inventory index was 48.0%, up 0.6 percentage points from the previous month, indicating a continued narrowing of the decline in the inventory of main raw materials in the manufacturing sector. The employment index was 47.9%, down 0.2 percentage points from the previous month, indicating a slight decrease in employment activity in the manufacturing sector. The supplier delivery time index was 50.2%, up 0.2 percentage points from the previous month, indicating faster delivery times for raw materials in the manufacturing industry.