According to the latest data released by China Federation of Logistics & Purchasing (CFLP) and NBS, the Purchasing Managers’ Index (PMI) of manufacturing industry was 50.4% in July, 0.5 percentage points lower than that in June.
New order index (NOI) was 50.9% in July, 0.6 percentage points lower than that in June. Production index decreased by 0.9 points to 51% last month. Stock index of raw materials was 47.7% last month, 0.3 percentage point lower than that in June.
The PMI of steel industry was 43.1% in July, 2 percentage points lower than that in June. New order index was 36.8% in July, 2 percentage points higher than that in June. Production index decreased by 7.6 points to 43.1% last month. Stock index of raw materials was 35.8% last month, 0.7 percentage points lower than that in June.
The new export order index decreased by 11.6 points to 30.8% in July. The stock index of steel products increased by 15.5 points to 31.6%. The procurement price index of raw materials was 56.3% in July, 3.4 percentage points higher than that in June.