Group 1: Manufacturing Sector - The manufacturing Purchasing Managers' Index (PMI) decreased to 49.3% in July, down 0.4 percentage points from the previous month, indicating a decline in manufacturing activity [1][2] - The production index remained in expansion at 50.5%, while the new orders index fell to 49.4%, reflecting a slowdown in market demand [2] - Large enterprises maintained expansion with a PMI of 50.3%, while medium-sized enterprises improved to 49.5%, and small enterprises decreased to 46.4% [3] Group 2: Price Indices - The price index for major raw materials increased, with the purchasing price index at 51.5% and the factory price index at 48.3%, indicating an overall improvement in manufacturing market prices [2] - The purchasing price index for major raw materials rose above the critical point for the first time since March, suggesting a recovery in market conditions [2] Group 3: Non-Manufacturing Sector - The non-manufacturing business activity index was 50.1%, down 0.4 percentage points from the previous month, but still above the critical point, indicating continued expansion [1][4] - The service sector's business activity index remained stable at 50.0%, with certain industries like transportation and entertainment showing strong growth due to seasonal effects [4] - The construction sector's business activity index fell to 50.6%, influenced by adverse weather conditions, while the business activity expectation index for the service sector rose to 56.6%, indicating optimism among service enterprises [4] Group 4: Composite PMI - The composite PMI output index was 50.2%, down 0.5 percentage points from the previous month, but still indicating overall expansion in production and business activities [5][6] - The manufacturing production index and non-manufacturing business activity index contributed to the composite PMI, standing at 50.5% and 50.1% respectively [6]

Group 1: Manufacturing PMI Overview - In July, the Manufacturing Purchasing Managers' Index (PMI) was 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a decline in manufacturing activity [2][21][22] - The production index was 50.5%, down 0.5 percentage points, while the new orders index was 49.4%, down 0.8 percentage points, suggesting a slowdown in market demand [6][22] - Large enterprises maintained expansion with a PMI of 50.3%, while medium-sized enterprises improved to 49.5%, and small enterprises decreased to 46.4% [5][23][24] Group 2: Non-Manufacturing PMI Overview - The Non-Manufacturing Business Activity Index was 50.1%, a decrease of 0.4 percentage points, but still above the critical point, indicating continued expansion [11][25] - The service sector's business activity index was stable at 50.0%, while the construction sector's index fell to 50.6%, down 2.2 percentage points due to adverse weather conditions [14][25] - The business activity expectation index for non-manufacturing was 55.8%, indicating optimism among most enterprises regarding market development [17][25] Group 3: Comprehensive PMI Overview - The Comprehensive PMI Output Index was 50.2%, a decrease of 0.5 percentage points, but still indicating overall expansion in production and business activities [20][26] - The manufacturing production index and non-manufacturing business activity index were 50.5% and 50.1%, respectively, contributing to the comprehensive index's performance [26]

央视网消息：国家统计局发布2025年7月中国采购经理指数运行情况。 一、中国制造业采购经理指数运行情况 7月份，制造业采购经理指数（PMI）为49.3%，比上月下降0.4个百分点，制造业景气水平有所回落。 新订单指数为45.7%，比上月下降0.9个百分点，表明非制造业市场需求回落。分行业看，建筑业新订单 指数为42.7%，比上月下降2.2个百分点；服务业新订单指数为46.3%，比上月下降0.6个百分点。 原材料库存指数为47.7%，比上月下降0.3个百分点，表明制造业主要原材料库存量继续减少。 从业人员指数为48.0%，比上月上升0.1个百分点，表明制造业企业用工景气度略有回升。 供应商配送时间指数为50.3%，比上月上升0.1个百分点，表明制造业原材料供应商交货时间继续加快。 二、中国非制造业采购经理指数运行情况 7月份，非制造业商务活动指数为50.1%，比上月下降0.4个百分点，仍高于临界点。 分行业看，建筑业商务活动指数为50.6%，比上月下降2.2个百分点；服务业商务活动指数为50.0%，比 上月下降0.1个百分点。从行业看，铁路运输、航空运输、邮政、文化体育娱乐等行业商务活动指数位 于60.0%以上 ...

中国物流与采购联合会、国家统计局服务业调查中心今天(31日)发布7月份中国采购经理指数。受季节 性因素影响，制造业采购经理指数有所波动，制造业景气水平较上月有所回落。 制造业景气水平较上月有所回落 7月份中国制造业采购经理指数为49.3%，较上月下降0.4个百分点。 国家统计局服务业调查中心企业景气处处长 霍丽慧：7月份受制造业进入传统生产淡季，以及部分地区 高温暴雨洪涝灾害等因素影响，采购经理指数是在连续两个月回升之后有所回落，制造业景气水平有所 下降。 从主要分项指数看，制造业新订单指数回落到收缩区间，运行偏弱。制造业企业生产保持扩张，延续稳 中有增的态势。7月份生产指数为50.5%，连续3个月运行在扩张区间。铁路船舶航空航天设备、计算机 通信电子设备等行业的生产指数和新订单指数持续位于扩张区间，相关行业产需两端较为活跃。 国家统计局服务业调查中心企业景气处处长 霍丽慧：从市场预期来看，服务业业务活动预期指数是有 所回升，继续位于55%以上的较高景气区间，表明多数服务业企业对近期市场发展前景还是比较乐观 的。 另外，7月份，装备制造业采购经理指数为50.3%，较上月下降1.1个百分点，仍保持在扩张区间。高 ...

国家统计局7月31日发布数据显示，7月份，制造业采购经理指数（PMI）为49.3%，比上月下降0.4个百分点；非制造业商务活动指数和综合PMI产出指数 分别为50.1%和50.2%，比上月下降0.4和0.5个百分点，均持续高于临界点，我国经济总体产出保持扩张。 制造业PMI有所回落 "7月份，受制造业进入传统生产淡季，部分地区高温、暴雨洪涝灾害等因素影响，PMI降至49.3%，制造业景气水平较上月回落。"国家统计局服务业调查 中心高级统计师赵庆河表示。 图片来源：国家统计局 非制造业商务活动指数保持扩张 数据显示，7月份，非制造业商务活动指数为50.1%，比上月下降0.4个百分点，仍高于临界点。 图片来源：国家统计局 赵庆河表示，服务业商务活动指数总体稳定。7月份，服务业商务活动指数为50%，比上月略降0.1个百分点。从行业看，在暑期假日效应带动下，与居民 出行和消费相关的铁路运输、航空运输、邮政、文化体育娱乐等行业商务活动指数位于60.0%以上高位景气区间，业务总量较快增长。从市场预期看，7 月份，业务活动预期指数为56.6%，比上月上升0.6个百分点，表明多数服务业企业对市场预期较为乐观。 建筑业商务活动 ...

7月30日，国家统计局网站公布了2025年7月中国采购经理指数运行情况。7月份，制造业采购经理指数 （PMI）为49.3%，比上月下降0.4个百分点，制造业景气水平有所回落。 其中，大型企业PMI为50.3%，比上月下降0.9个百分点，其生产指数和新订单指数分别为52.1%和 50.7%，均连续三个月位于扩张区间，大型企业保持较好生产经营态势；中型企业PMI为49.5%，比上月 上升0.9个百分点，景气水平继续改善；小型企业PMI为46.4%，比上月下降0.9个百分点。 一、中国制造业采购经理指数运行情况 7月份，制造业采购经理指数（PMI）为49.3%，比上月下降0.4个百分点，制造业景气水平有所回落。 从企业规模看，大型企业PMI为50.3%，比上月下降0.9个百分点，高于临界点；中型企业PMI为49.5%， 比上月上升0.9个百分点，低于临界点；小型企业PMI为46.4%，比上月下降0.9个百分点，低于临界点。 从分类指数看，在构成制造业PMI的5个分类指数中，生产指数和供应商配送时间指数均高于临界点， 新订单指数、原材料库存指数和从业人员指数低于临界点。 生产指数为50.5%，比上月下降0.5个百分点 ...

Group 1: Manufacturing PMI Overview - In July, the Manufacturing Purchasing Managers' Index (PMI) was 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a decline in manufacturing activity [1][21][22] - The production index was 50.5%, down 0.5 percentage points, indicating continued expansion in manufacturing production [4][22] - The new orders index fell to 49.4%, down 0.8 percentage points, suggesting a slowdown in market demand [4][22] Group 2: Enterprise Size Analysis - Large enterprises had a PMI of 50.3%, down 0.9 percentage points, remaining above the critical point [4][23] - Medium-sized enterprises saw a PMI of 49.5%, an increase of 0.9 percentage points, indicating improved conditions [4][23] - Small enterprises reported a PMI of 46.4%, down 0.9 percentage points, remaining below the critical point [4][23] Group 3: Non-Manufacturing PMI Overview - The Non-Manufacturing Business Activity Index was 50.1%, a decrease of 0.4 percentage points, but still above the critical point [7][26] - The service sector's business activity index was stable at 50.0%, with some industries like transportation and entertainment showing strong performance [9][26] - The construction sector's business activity index fell to 50.6%, down 2.2 percentage points, reflecting a slowdown due to adverse weather conditions [9][26] Group 4: Price Indices and Market Expectations - The input price index for non-manufacturing rose to 50.3%, up 0.4 percentage points, indicating an increase in operating costs [14] - The sales price index decreased to 47.9%, down 0.9 percentage points, suggesting a decline in sales prices [14] - The business activity expectation index for non-manufacturing was 55.8%, up 0.2 percentage points, indicating optimism among businesses [15] Group 5: Comprehensive PMI Analysis - The Comprehensive PMI Output Index was 50.2%, down 0.5 percentage points, indicating overall expansion in production activities [19][27] - The manufacturing production index and non-manufacturing business activity index were 50.5% and 50.1%, respectively, both indicating continued expansion [27]

Group 1: Manufacturing PMI Analysis - In July, the manufacturing PMI decreased to 49.3%, down 0.4 percentage points from the previous month, indicating a decline in manufacturing activity due to seasonal factors and adverse weather conditions [2][3] - The production index remained in expansion at 50.5%, while the new orders index fell to 49.4%, reflecting a slowdown in market demand [2] - Large enterprises maintained expansion with a PMI of 50.3%, while medium-sized enterprises improved to 49.5%, and small enterprises decreased to 46.4% [3] Group 2: Price Index and Market Conditions - The price index showed an upward trend, with the main raw materials purchasing price index at 51.5%, marking the first rise above the critical point since March [2] - The production and new orders indices for high-tech manufacturing and equipment manufacturing remained above the critical point, indicating sustained growth in these sectors [3] Group 3: Non-Manufacturing PMI Insights - The non-manufacturing business activity index was at 50.1%, down 0.4 percentage points, but still above the critical point, indicating continued expansion [4] - The service sector showed stability, with a business activity index of 50.0%, while sectors related to travel and consumption experienced high activity levels [4] - The construction sector's business activity index fell to 50.6% due to adverse weather conditions affecting construction activities [4] Group 4: Comprehensive PMI Output Index - The comprehensive PMI output index was at 50.2%, down 0.5 percentage points, indicating overall expansion in production and business activities across sectors [6]

Group 1: Report Overview - The report presents the July 2025 China Purchasing Managers' Index (PMI) data released on July 31 by the National Bureau of Statistics Service Survey Center and the China Federation of Logistics and Purchasing [1] Group 2: Manufacturing PMI - In July, the manufacturing PMI was 49.3%, down 0.4 percentage points from the previous month, indicating a decline in manufacturing sentiment [2] - Large - scale enterprises had a PMI of 50.3%, down 0.9 percentage points; medium - scale enterprises had a PMI of 49.5%, up 0.9 percentage points; small - scale enterprises had a PMI of 46.4%, down 0.9 percentage points [2] - Among the five sub - indices of manufacturing PMI, the production index and supplier delivery time index were above the critical point, while the new order index, raw material inventory index, and employment index were below it [2] - The production index was 50.5%, down 0.5 percentage points, showing continued expansion in manufacturing production; the new order index was 49.4%, down 0.8 percentage points, indicating a slowdown in market demand; the raw material inventory index was 47.7%, down 0.3 percentage points, meaning a continued decrease in the inventory of major raw materials; the employment index was 48.0%, up 0.1 percentage points, showing a slight improvement in employment sentiment; the supplier delivery time index was 50.3%, up 0.1 percentage points, indicating faster delivery times [2] Group 3: Non - manufacturing PMI - In July, the non - manufacturing business activity index was 50.1%, down 0.4 percentage points from the previous month but still above the critical point [3] - The construction industry business activity index was 50.6%, down 2.2 percentage points; the service industry business activity index was 50.0%, down 0.1 percentage points [3] - Industries such as railway transportation, air transportation, postal services, and culture, sports, and entertainment were in the high - prosperity range above 60.0%, while the real estate and resident service industries were below the critical point [3] Group 4: Comprehensive PMI - In July, the comprehensive PMI output index was 50.2%, down 0.5 percentage points from the previous month, indicating that overall business production and operation activities in China maintained an expansion trend [3]

Group 1: Manufacturing PMI Insights - In July, the manufacturing purchasing managers' index (PMI) decreased to 49.3%, down 0.4 percentage points from the previous month, indicating a decline in manufacturing activity [2][3] - The production index remained in expansion at 50.5%, while the new orders index fell to 49.4%, reflecting a slowdown in market demand [3] - Large enterprises maintained expansion with a PMI of 50.3%, although it decreased by 0.9 percentage points, while medium-sized enterprises improved to 49.5% [4] Group 2: Non-Manufacturing PMI Insights - The non-manufacturing business activity index stood at 50.1%, down 0.4 percentage points from the previous month, but still above the critical point [5] - The service industry business activity index was stable at 50.0%, with sectors related to travel and consumption showing strong performance, while real estate and residential services lagged [5][6] - The construction business activity index fell to 50.6%, down 2.2 percentage points, due to adverse weather conditions affecting construction activities [6] Group 3: Comprehensive PMI Insights - The comprehensive PMI output index was 50.2%, a decrease of 0.5 percentage points from the previous month, indicating overall expansion in production and business activities [7] - The manufacturing production index and non-manufacturing business activity index contributed to the comprehensive PMI, standing at 50.5% and 50.1% respectively [7]