6月份中国制造业PMI 49.7% 供需两端联动回升

Group 1 - The manufacturing Purchasing Managers' Index (PMI) in China for June is reported at 49.7%, indicating a slight improvement from the previous month, with 11 out of 21 surveyed industries in the expansion zone, an increase of 4 industries [1] - The production index and new orders index for June are 51.0% and 50.2%, respectively, showing increases of 0.3 and 0.4 percentage points from the previous month, suggesting a recovery in manufacturing activity and market demand [1] - The purchasing volume index rose to 50.2%, up by 2.6 percentage points, reflecting enhanced procurement willingness among enterprises due to the recovery in production and demand [1] Group 2 - The major raw material purchasing price index and factory price index for June are 48.4% and 46.2%, respectively, both increasing by 1.5 percentage points, ending a three-month decline [2] - The price trends for upstream raw materials and downstream products are showing good correlation, with both indices moving in the same direction during May and June [2] - The petroleum, coal, and other fuel processing industries saw significant increases in their purchasing and factory price indices due to rising international oil prices, while the black metal smelting and rolling industries experienced price declines due to falling raw material prices and weak terminal demand [2] Group 3 - The economic recovery is widespread, with all four major industry indices showing increases compared to the previous month; the equipment manufacturing PMI is at 51.4%, and the high-tech manufacturing PMI is at 50.9% [3] - The consumer goods manufacturing PMI is reported at 50.4%, indicating stable growth, while the basic raw materials industry PMI has risen to 47.8%, ending a three-month downward trend [3] - Overall, the manufacturing sector shows positive changes and a coordinated improvement in performance across various industries [3] Group 4 - Expectations for the second half of the year suggest that, barring significant external shocks, China's manufacturing sector will maintain steady growth, supported by effective policy measures and moderate market demand growth [4] - The current economic policies are in a critical phase of balancing counter-cyclical adjustments and market-driven demand contraction, necessitating increased efforts in expanding domestic demand policies [4] - There is a call for enhanced government investment in public goods to effectively stimulate manufacturing orders and sustain active production investment [4]