China's purchasing managers' index rose slightly in June

China Federation of Logistics & Purchasing (CFLP) announced on Wednesday that China's Purchasing Managers' Index (PMI) for June was 53.2, slightly higher than May's 53.1.

The figure has been above the critical point of 50 for four consecutive months, indicating that the manufacturing industry continues to maintain signs of initial recovery.

China's PMI for April was 53.5. PMI has had a margin of less than 50 for five months since October last year. A index above 50 indicates that manufacturing activity is in an overall expansion trend, while below 50 indicates a contraction in manufacturing.

The index fell to 44.6 in October last year, which is the first time since the index was compiled to fall below the 50-point line. In November, the index hit a record low of 38.8. In March of this year, the index rebounded to 52.4, compared with 49.0 and 45.3 in February and January respectively.

CFLP and the National Bureau of Statistics of China jointly launched the Manufacturing Purchasing Managers Index in 2005. In order to prepare the index, the above institutions conducted a survey of more than 700 companies in China to understand their views on various sub-indices.

PMI data for June showed that China's manufacturing industry continued to maintain a preliminary warming trend.

However, if the current Chinese stock market's uptrend cannot be maintained for a long time, then actual demand will once again shrink sharply. Coupled with many negative factors such as the financial crisis and high housing prices, China's industrial output may continue to slide completely. The abyss of stagnation. As a result, the prospects for manufacturing will not be optimistic.

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