E-mail lunthesis@163.com Phone 0551-65179860-203

China's manufacturing activity rises for second month in July

Pub Date:2020-07-31 10:20 Source:chinadaily.com.cn

China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.

The manufacturing PMI rose for the second consecutive month in July and stood at 51.1, versus 50.9 in June, the National Bureau of Statistics said on Friday.

A reading above 50 indicates expansion, while a reading below reflects contraction. The index has stood above 50 for five months in a row since March.

"China's economic condition continued to recover with business operation improving," Zhao Qinghe, a NBS senior statistician, said.

Production increased in broad-based manner while demand gradually recovered, Zhao said, with the expansion in output and new orders in July both gathering pace from the previous month.

Yet activities of small manufacturers continued to contract this month, while the floods have affected some businesses in terms of transport, storage and other areas, Zhao added.

China's non-manufacturing PMI edged down from the previous month and stood at 54.2 in July. The composite PMI, which covers manufacturing and non-manufacturing activities, edged down to 54.1 from June's 54.2, indicating an overall restorative expansion in economic activities, the NBS said.


Related News
- Three counties in Anhui among China's top 100    2020-07-31 10:12
- Economy gathers steam in East    2020-07-30 15:06
- Red Cross societies in China help relocate flood-affected...    2020-07-30 08:50
- China stresses stabilizing foreign trade and investment    2020-07-30 08:46
photo  >>
Volunteers offer help to villagers affected by flood at temporary shelter
Soldiers reinforce dyke around Chaohu Lake
Video  >>
(AmazingAnhui)She inkstone, a national cultural heritage in E China's Anhui
(AmazingAnhui)Huizhou inkstick, a cultural heritage in E China's Anhui
People  >>
Vigilant guardians fight flood along Yangtze
Villagers relocate as floodwater spills from freshwater lake in east China
Travel  >>
Hefei operates 300th China-Europe freight train
Heavy rain affects over 8 mln in China's Anhui
Contact Us
Copyright ©2000-2016 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited.