Group 1 - The core point of the article is that Germany's manufacturing Purchasing Managers' Index (PMI) increased from 48.3 in May to 49 in June, compared to 43.5 in the same month last year [1] Group 2 - The rise in the PMI indicates a potential recovery in the manufacturing sector, as it is approaching the neutral level of 50, which separates contraction from expansion [1] - The year-on-year comparison shows a significant improvement from 43.5 in June of the previous year, suggesting a positive trend in manufacturing activity [1]

Core Viewpoint - The overall economic climate in China is showing signs of expansion, with key indices indicating a recovery in both manufacturing and non-manufacturing sectors in June. Group 1: Manufacturing Sector - The Manufacturing Purchasing Managers' Index (PMI) rose to 49.7% in June, with 11 out of 21 surveyed industries in the expansion zone, an increase of 4 from the previous month [3] - Production and new orders indices were at 51.0% and 50.2%, respectively, indicating accelerated manufacturing activities and improved market demand [3] - The purchasing volume index increased to 50.2%, up by 2.6 percentage points, reflecting enhanced procurement willingness among enterprises [3] - Large enterprises showed a PMI of 51.2%, indicating significant support for the manufacturing sector, while medium and small enterprises had PMIs of 48.6% and 47.3%, respectively [4] - Key industries such as equipment manufacturing, high-tech manufacturing, and consumer goods continued to expand, with PMIs of 51.4%, 50.9%, and 50.4% [4] Group 2: Non-Manufacturing Sector - The Non-Manufacturing Business Activity Index reached 50.5%, indicating continued expansion, with a slight increase of 0.2 percentage points from the previous month [5] - The service sector's business activity index was at 50.1%, showing stability, although some consumer-related sectors experienced a decline in activity [5] - The construction industry saw a significant increase, with a business activity index of 52.8%, up by 1.8 percentage points, indicating a recovery in construction activities [5] Group 3: Composite PMI - The Composite PMI Output Index rose to 50.7%, reflecting an overall acceleration in production and business activities across sectors [7][8]

Group 1 - The core viewpoint of the article indicates that China's manufacturing purchasing managers' index (PMI) has shown continuous improvement, with a reading of 49.7% in June, up 0.2 percentage points from the previous month, marking two consecutive months of increase [1][25] - In June, 11 out of 21 surveyed industries were in the expansion zone, an increase of 4 from the previous month, indicating an overall improvement in manufacturing sentiment [2][25] - The new orders index returned to the expansion zone at 50.2%, after being below 50% for two months, reflecting a recovery in market demand [4][25] Group 2 - The equipment manufacturing PMI was 51.4%, up 0.2 percentage points, with both production and new orders indices above 53%, indicating strong performance in this sector [9] - The consumer goods manufacturing PMI rose to 50.4%, up 0.2 percentage points, showing stable growth in this area [13] - Large enterprises continued to expand, with their PMI at 51.2%, up 0.5 percentage points, while medium-sized enterprises also saw a recovery, with their PMI increasing by 1.1 percentage points [15][13] Group 3 - The non-manufacturing business activity index rose to 50.5%, up 0.2 percentage points, indicating continued expansion in the non-manufacturing sector [18] - The construction industry business activity index increased to 52.8%, up 1.8 percentage points, reflecting a recovery in construction activities, particularly in infrastructure projects [22][24] - Overall, the purchasing managers' index serves as an important leading indicator of macroeconomic trends, showing a resilient economic performance in the first half of the year despite fluctuations [25][29]

智通财经6月30日午间新闻精选 2、央行今日开展3315亿元7天逆回购操作，操作利率持平在1.40%，实现净投放1110亿元。 3、加拿大财政部在一份声明中表示，加拿大已取消数字服务税，以推进与美国的贸易谈判。加拿大总 理卡尼和美国总统特朗普将恢复贸易谈判，以期在7月21日之前达成协议。 1、6月份中国制造业采购经理指数为49.7%，较上月上升0.2个百分点，连续2个月上升。 4、截至午间收盘，沪指涨0.2%，深成指涨0.54%，创业板指涨0.93%。恒生指数跌0.42%，恒生科技指 数涨0.12%。 ...

中国物流与采购联合会、国家统计局服务业调查中心今天（30日）公布6月份中国采购经理指数。从制 造业采购经理指数来看，指数连续两个月上升，制造业景气水平持续改善，景气面有所扩大。6月份中 国制造业采购经理指数为49.7%，较上月上升0.2个百分点，连续2个月上升。在调查的21个行业中，有 11个位于扩张区间，比上月增加4个，制造业景气面有所扩大。6月份，随着外部干扰因素影响减弱，我 国制造业回归正常运行轨道，经济内生动力稳定释放，市场需求整体止降回升，新订单指数为50.2%， 在连续2个月运行在50%以下后回到扩张区间。同时，制造业出口也逐步恢复，新出口订单指数连续2个 月上升。在需求回升带动下，企业生产活动保持稳定扩张，企业原材料采购活动也相应有所扩张，采购 量指数在连续2个月运行在50%以下后回到扩张区间。结合来看，6月份，制造业市场供需两端均有所扩 张，经济运行基本面稳中向好。中国物流与采购联合会副会长何辉表示，随着我们一系列政策的实施， 制造业供需两端都在逐步改善，新订单指数再次回升到了50%以上，经济增长的韧性在进一步增强。 ...

金十数据6月6日讯，中国物流与采购联合会今天（6日）公布5月份全球制造业采购经理指数。5月份全 球制造业采购经理指数为49.2%，较上月上升0.1个百分点，连续3个月低于50%。分区域看，5月份美洲 制造业采购经理指数为48.4%，与上月持平，连续3个月低于49%，显示美洲制造业继续在收缩区间。从 主要国家数据看，5月份美国制造业采购经理指数为48.5%，较上月下降0.2个百分点，连续4个月环比下 降。数据变化显示，在美国加征关税的影响下，美国制造业持续走弱。 （央视新闻） 全球制造业采购经理指数连续3个月低于50% 全球经济低位徘徊 ...

Core Insights - The S&P Global Australia Manufacturing PMI decreased from 51.7 to 51 in May 2025, marking the lowest level since February of the same year, indicating a slowdown in the expansion of the manufacturing sector [1][2] - The manufacturing sector has remained above the neutral level of 50 for five consecutive months, suggesting ongoing expansion despite the reduced pace [1] Manufacturing Sector Performance - In May, the growth of new orders in the Australian manufacturing sector was at its lowest in three months, partially influenced by the recent federal election [1][2] - New export orders saw their first increase in three months, indicating potential recovery in international demand [1][2] Production and Employment Trends - Factory output experienced its second decline of the year in May, alongside decreases in purchasing activity and inventory levels [1] - Despite the drop in output, manufacturing firms continued to increase employment, leading to the fastest reduction in backlogs since November of the previous year [2] Cost and Pricing Dynamics - Average input costs in the manufacturing sector rose due to increased raw material and transportation costs, but the rate of increase was lower than in April and the lowest since November of the previous year [2] - The ability of manufacturing firms to raise sales prices at a rate below historical averages suggests a cautious approach to pricing amid fluctuating costs [2] Future Outlook - Forward-looking indicators suggest that manufacturing output may rebound in the coming months, supported by the growth in new export orders and a rise in business confidence [2] - The stabilization of the macroeconomic and trade environment is expected to contribute positively to sales growth over the next 12 months [2]

Group 1 - The manufacturing Purchasing Managers' Index (PMI) for May is reported at 49.5%, indicating an improvement in economic activity compared to the previous month [1] - New export orders index increased to 47.5%, up by 2.8 percentage points from last month, reflecting a recovery in foreign trade orders [1] - The production index rose to 50.7%, an increase of 0.9 percentage points, indicating a faster pace of production activities in the manufacturing sector [1] Group 2 - The large enterprises PMI stands at 50.7%, up by 1.5 percentage points from the previous month, signaling a positive trend in large-scale manufacturing [2] - High-tech manufacturing PMI is at 50.9%, maintaining expansion for four consecutive months, indicating a stable development trend [2] - The production and business activity expectation index is at 52.5%, reflecting stable confidence among manufacturing enterprises regarding market development [2] Group 3 - The non-manufacturing business activity index is at 50.3%, slightly down by 0.1 percentage points but still above the critical point, indicating ongoing economic recovery [3] - The service industry business activity index increased to 50.2%, up by 0.1 percentage points, driven by the effects of the May Day holiday [4] - Significant recovery in business activity indices for sectors such as railway transport, air transport, accommodation, and catering, all remaining in the expansion zone [4]

Group 1 - In May, the manufacturing Purchasing Managers' Index (PMI) in China rose to 49.5%, indicating an improvement in manufacturing sentiment and economic stability [1] - Both supply and demand in the manufacturing sector showed recovery, with the production index exceeding 50%, signaling accelerated manufacturing activities [3] - The high-tech manufacturing PMI has remained in the expansion zone for four consecutive months, indicating a positive development trend [3] Group 2 - The production and new order indices for industries such as agricultural processing, specialized equipment, and aerospace have exceeded 54%, reflecting rapid growth in supply and demand [4] - The PMI for large enterprises has rebounded above 50%, showing a swift recovery, while small enterprises also experienced significant improvements, demonstrating the resilience of the Chinese economy [6] - The non-manufacturing business activity index for May was 50.3%, indicating continued expansion, with positive performances in investment, consumption, and export-related sectors [6]

Group 1: Manufacturing PMI Insights - In May, the manufacturing PMI rose to 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in economic conditions [1][2] - The production index reached 50.7%, up 0.9 percentage points, signaling accelerated manufacturing activity, while the new orders index increased to 49.8%, up 0.6 percentage points [2] - Large enterprises saw their PMI rise to 50.7%, returning to the expansion zone, with production and new orders indices at 51.5% and 52.5%, respectively [2] Group 2: High-Tech and Export Performance - High-tech manufacturing PMI stood at 50.9%, maintaining expansion for four consecutive months, while equipment manufacturing and consumer goods sectors also showed improvement [3] - New export orders and import indices increased to 47.5% and 47.1%, respectively, reflecting a recovery in foreign trade orders, particularly from companies engaged with the U.S. market [3] Group 3: Non-Manufacturing Sector Performance - The non-manufacturing business activity index was 50.3%, slightly down by 0.1 percentage points but still indicating expansion [4] - The service sector's business activity index rose to 50.2%, driven by increased consumer activity during the "May Day" holiday, with significant growth in transportation and hospitality sectors [4] - The construction sector maintained expansion with a business activity index of 51.0%, although it showed a slight decline from the previous month [4] Group 4: Composite PMI Overview - The composite PMI output index increased to 50.4%, up 0.2 percentage points, indicating continued expansion in production and business activities across sectors [5][6] - The manufacturing production index and non-manufacturing business activity index contributed to the composite PMI, standing at 50.7% and 50.3%, respectively [6]