最新PMI数据发布

Core Viewpoint - The manufacturing PMI decreased to 49.3% in July, indicating a slight contraction in the manufacturing sector, while the non-manufacturing business activity index remained above the critical point, suggesting overall economic expansion [1][3][6]. Manufacturing Sector - The manufacturing PMI fell by 0.4 percentage points from the previous month, attributed to seasonal production slowdowns and adverse weather conditions [3][4]. - The production index and new orders index were at 50.5% and 49.4%, respectively, indicating continued expansion in manufacturing activities but a slowdown in market demand [4]. - The manufacturing business activity expectation index rose to 52.6%, reflecting increased confidence among manufacturers regarding market developments [4]. - Key industries such as equipment manufacturing and high-tech manufacturing maintained PMIs above the critical point at 50.3% and 50.6%, respectively, while the consumer goods sector saw a decline to 49.5% [4]. Non-Manufacturing Sector - The non-manufacturing business activity index was reported at 50.1%, down 0.4 percentage points from the previous month, but still above the critical threshold [6]. - The service sector's business activity index remained stable at 50%, with significant growth in transportation and entertainment sectors due to summer holiday effects [7]. - The construction sector's business activity index decreased to 50.6%, influenced by adverse weather conditions, with a corresponding drop in the business activity expectation index to 51.6% [8]. Market Outlook - The overall market expectations in the service sector improved, with a business activity expectation index of 56.6%, indicating optimism among service providers [7]. - Experts suggest that increased government investment in public goods and infrastructure could help boost order volumes and stabilize economic growth in the latter half of the year [4][8].