我国7月制造业PMI出炉经济总体产出保持扩张

Group 1 - The manufacturing Purchasing Managers' Index (PMI) for July is reported at 49.3%, indicating a slight contraction, while the non-manufacturing business activity index and composite PMI output index are at 50.1% and 50.2%, respectively, suggesting overall economic expansion in China [1] - The production index remains in the expansion zone at 50.5%, despite a 0.5 percentage point decline from the previous month, indicating ongoing manufacturing activity [1] - Extreme weather conditions, including heatwaves and floods, have impacted outdoor construction and daily life, affecting market demand [1] Group 2 - Analysts suggest that the stabilization and recovery of manufacturing market prices are primarily driven by the basic raw materials sector, with recent price index trends showing improved market price coordination [2] - The Producer Price Index (PPI) is expected to turn positive month-on-month in July, with a year-on-year decline narrowing to approximately -3.0%, influenced by rising prices of coal and steel [2] - Manufacturing enterprises continue to face operational pressures, and while measures to counteract excessive low-cost competition may alleviate supply-demand mismatches, the sustainability of these effects depends on a consistent recovery in demand [2] Group 3 - The Central Political Bureau of the Communist Party of China emphasizes the need for stable and flexible economic policies to promote employment, businesses, and market expectations, aiming to achieve the annual economic and social development goals [3] - With the implementation of various policies aimed at expanding domestic demand, investment and consumption activities in China are expected to steadily recover [3] - Positive factors such as high-end manufacturing, green transformation, and digital upgrades are anticipated to gradually improve the manufacturing sector's prosperity, supporting the goal of around 5.0% economic growth for the year [3]