Purchasing Manager Index (PMI) of China's manufacturing industry was up 0.3 percentage points MoM to 49.3% in July, and prosperity level of the manufacturing industry improved continually. In detail, the production index was down 0.1 percentage points MoM to 50.2% in July, still higher than the threshold, indicating that manufacturing production kept expanding. The new order index was up 0.9 percentage points MoM to 49.5%, indicating that the market demand outlook of the manufacturing industry continued to improve.
Further, the raw material inventory index was up 0.8 percentage points MoM to 48.2%, indicating shrinkage in the decline of major raw material inventory in the manufacturing industry. The employment index was down 0.1 percentage points to 48.1%, showing a little change in the employment outlook of manufacturing enterprises. The supplier delivery time index was up 0.1 percentage points to 50.5%, showing that the delivery time of raw material suppliers in the manufacturing industry continued to decrease.