Summary July 3 announced in June Caixin China's manufacturing purchasing managers index (PMI) recorded 50.4, showed manufacturing operation has improved, ending May slight slowdown state. This trend is consistent with the National Bureau of Statistics manufacturing PMI. The National Bureau of Statistics announced the number...
On June 3, the Caixin China Manufacturing Purchasing Managers Index (PMI), which was released on July 3, recorded 50.4, indicating that the manufacturing operation has improved and ended a slight slowdown in May. 
In the past 10 months, manufacturing operations have been growing for 9 months, but the growth rate in June was only slight. The promotion of the new manufacturing PMI in Caixin in June was the acceleration of new orders. Although the growth rate of new orders in June was still slight, it was the most significant in three months. The growth rate of new business from overseas was slight during the month. The respondents reported that the market demand at home and abroad was relatively weak.
The scale of employment in June has further contracted, in part because manufacturers are committed to cutting costs and increasing efficiency. However, the employment contraction rate in June has slowed to a small level, the slightest since March.
In June, the average input cost of China's manufacturing industry rose, ending the slight decline in May. According to the respondents, the increase in cost burden is mainly due to the increase in raw materials prices, but the price increase is not large, far below the recent high in January. The ex-factory price of manufacturing products also showed similar performance, ending the downward trend in the previous month and showing a slight rebound.
At the end of the second quarter, the number of purchases by Chinese manufacturers rebounded slightly, ending the decline in May. However, manufacturers are relatively cautious about inventory control, and both inventories of inventories and finished goods inventories have declined during the month.
Zhong Zhengsheng, chief economist at Caixin Think Tank Monita Research, said that the manufacturing boom in June rebounded slightly, but in terms of inventory and vendor sentiment, this is more like a rebound, and the economic downturn is confirmed later.
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