【数据发布】2025年6月中国采购经理指数运行情况

Group 1: Manufacturing PMI Overview - In June, the Manufacturing Purchasing Managers' Index (PMI) was 49.7%, an increase of 0.2 percentage points from the previous month, indicating continued improvement in manufacturing sentiment [1] - Large enterprises had a PMI of 51.2%, up 0.5 percentage points, while medium and small enterprises had PMIs of 48.6% and 47.3%, respectively, indicating a decline for smaller firms [1] - The production index was 51.0%, up 0.3 percentage points, suggesting accelerated production activities in the manufacturing sector [2] Group 2: Manufacturing Sub-Indices - The new orders index was 50.2%, an increase of 0.4 percentage points, indicating improved market demand in manufacturing [3] - The raw materials inventory index was 48.0%, up 0.6 percentage points, indicating a continued narrowing of the decline in major raw material inventories [3] - The employment index was 47.9%, down 0.2 percentage points, reflecting a slight decrease in employment sentiment within manufacturing [3] Group 3: Non-Manufacturing PMI Overview - In June, the Non-Manufacturing Business Activity Index was 50.5%, an increase of 0.2 percentage points, indicating continued expansion in the non-manufacturing sector [6] - The construction industry business activity index was 52.8%, up 1.8 percentage points, while the services sector index was 50.1%, down 0.1 percentage points [8] Group 4: Non-Manufacturing Sub-Indices - The new orders index for non-manufacturing was 46.6%, up 0.5 percentage points, indicating a slight recovery in market demand [10] - The input prices index was 49.9%, up 1.7 percentage points, suggesting stable input prices for non-manufacturing activities [10] - The business activity expectation index was 55.6%, down 0.3 percentage points, indicating a generally optimistic outlook among non-manufacturing enterprises [11] Group 5: Comprehensive PMI Overview - The Comprehensive PMI Output Index was 50.7%, an increase of 0.3 percentage points, indicating an overall acceleration in production and business activities across sectors [14]