In July, The PMI Of The Manufacturing Industry In Caixin China Was 49.9, Which Was 0.5 Percentage Points Higher Than That In June.

In August 1st, Caixin China's Manufacturing Purchasing Managers Index (PMI), which was released in July, recorded 49.9, an increase of 0.5 percentage points compared with June. It continued to fall below the line of prosperity and decline, but the decline narrowed. 　　

This trend is in line with the PMI of the National Bureau of statistics. The PMI released by the National Bureau of statistics in July was 49.7, which was 0.3 percentage points higher than that in June. 　　

The improvement of PMI in Caixin manufacturing industry in July was partly due to a rebound in output. The output index returned to expansion in July. Some manufacturers said that demand has been relatively improved, driving output to stabilize. The total volume of new orders also ended at a slight contraction at the end of the two quarter, with a slight expansion. The main driving force for growth came from domestic demand, and the new export orders remained unchanged. Some manufacturers said that Sino US trade disputes continue to bring pressure on export sales. 　　

The weak performance of orders resulted in four months' compression of employment in July. The manufacturing employment index continued to shrink in February, the lowest since February. 　　

In July, manufacturers' procurement activities expanded again. However, in view of the relative weakness of demand, manufacturers' prudent attitude towards inventories decreased inventories and finished goods inventories. 　　

Manufacturers reflected that average input costs continued to rise in July but increased slightly. Meanwhile, in order to stimulate customer demand and promote new orders growth, the factory price index fell for the first time since January. 　　

In July, the industry's optimism for the next 12 months rose from a record low in June to a three month high, but is still at a relatively low level. Manufacturers expect better market conditions and new products. However, due to worries about the follow-up results of Sino US trade negotiations, the industry's overall confidence is still being affected. 　　

Zhong Zhengsheng, chairman and chief economist of the new capital think-tank, said that in July, China's economy was showing signs of warming, and the confidence of entrepreneurs has been restored. This shows that China's economic resilience is strong, and tax cuts and fees reduction have played a supporting role. As a result, the regulation of real estate regulation and financial supervision policy will be strengthened.