Core Insights - The national service production index in July increased by 5.8% year-on-year [1] - The information transmission, software and IT services, financial services, and leasing and business services sectors saw production index growth of 11.9%, 8.7%, and 8.0% respectively, outpacing the overall service production index by 6.1, 2.9, and 2.2 percentage points [1] - From January to July, the national service production index grew by 5.9% year-on-year [1] Industry Performance - For the first half of the year, revenue from large-scale service enterprises increased by 7.5% year-on-year [1] - The service business activity index for July was recorded at 50.0%, while the business activity expectation index was at 56.6% [1] - Specific sectors such as railway transport, air transport, postal services, and cultural and sports entertainment had business activity indices above 60.0%, indicating a high level of economic activity [1]

Group 1: Manufacturing Sector - In April, the Manufacturing Purchasing Managers' Index (PMI) was reported at 49%, a decrease of 1.5 percentage points from the previous month, indicating a slight contraction in the manufacturing sector [3] - High-tech manufacturing PMI stood at 51.5%, significantly above the overall manufacturing level, indicating continued expansion in this sector [5] - The new orders index for consumer goods manufacturing was at the critical point of 50%, suggesting a good release of domestic market demand [5] Group 2: Business Confidence and Expectations - The production and business activity expectation index for April was 52.1%, remaining in the expansion zone, reflecting strong confidence among enterprises regarding market development [5] - Industries such as food and beverage, automotive, and aerospace showed high expectation indices of 58% and above, indicating robust business activity [7] Group 3: Non-Manufacturing Sector - The non-manufacturing business activity index was at 50.1%, a slight decrease of 0.2 percentage points from the previous month, but still above the critical point, indicating continued expansion [8] - The service sector, particularly tourism and information services, showed positive performance, contributing to the overall growth in non-manufacturing activities [8][9] Group 4: Construction Sector - The construction business activity index was reported at 51.9%, a decrease of 1.5 percentage points from the previous month, yet still indicating expansion [9] - With the arrival of the construction peak season, civil engineering investment is accelerating, highlighting the role of investment in driving economic growth [10]