Trade Resources Economy China's Manufacturing PMI up to 51.7%

China's Manufacturing PMI up to 51.7%

The purchasing managers' index (PMI) for China's manufacturing sector was at 51.7 percent in July of the current year, up 0.7 percentage points compared to June and rising for the fifth consecutive month, according to China's National Bureau of Statistics (NBS) on August 1.

In the given month, the production index for China's manufacturing sector was up 1.2 percentage points month on month to 54.2 percent, while the overall new order index for the sector increased by 0.8 percentage points compared to the previous month to 53.6 percent. In July, the new export order index for the Chinese manufacturing sector increased by 0.5 percentage points month on month to 50.8 percent.

The raw material inventory index for China's manufacturing sector was at 49.0 percent in July, up 1.0 percentage point compared to the previous month.

Also in July, the employment index for China's manufacturing sector stood at 48.3 percent, down 0.3 percentage points month on month, while the supplier delivery time index for the sector in question was at 50.2 percent, down 0.3 percentage points, both month on month.

Source: http://www.steelorbis.com/steel-news/latest-news/nbs-chinas-manufacturing-pmi-up-to-517-in-july-840193.htm
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NBS: China's Manufacturing PMI up to 51.7% in July
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