National Bureau of Statistics: Purchasing Managers' Index for manufacturing in July fell slightly, while the Index for non-manufacturing business activities maintained expansion.

On July 31, Zhao Qinghe, a senior statistician at the National Bureau of Statistics' Service Industry Survey Center, interpreted the July 2025 China Purchasing Managers Index. In July, affected by factors such as the traditional off-season of manufacturing entering production, high temperatures, and torrential rain and flooding disasters in some areas, the PMI fell to 49.3%, and the manufacturing industry's business activity level fell from the previous month. In July, the non-manufacturing business activity index was 50.1%, a decrease of 0.4 percentage points from the previous month, but still above the critical point. Translated text: On July 31, the National Bureau of Statistics Service Industry Survey Center and China Federation of Logistics and Purchasing jointly released the China Purchasing Managers Index for July 2025. In response to this, Zhao Qinghe, a senior statistician at the National Bureau of Statistics Service Industry Survey Center, provided an interpretation. In July, the manufacturing Purchasing Managers Index was 49.3%, a decrease of 0.4 percentage points from the previous month; the non-manufacturing business activity index and the composite PMI output index were 50.1% and 50.2%, respectively, a decrease of 0.4 and 0.5 percentage points from the previous month, both continuing to be above the critical point, indicating that the overall economic output in China is expanding. I. Manufacturing Purchasing Managers Index declines slightly Non-manufacturing business activity index remains expansive - Zhao Qinghe, senior statistician at the National Bureau of Statistics' Service Industry Survey Center interprets the China Purchasing Managers Index for July 2025 On July 31, 2025, the National Bureau of Statistics Service Industry Survey Center and the China Federation of Logistics and Purchasing released the China Purchasing Managers Index. Regarding this, Zhao Qinghe, a senior statistician at the National Bureau of Statistics' Service Industry Survey Center, provided an interpretation. In July, the manufacturing Purchasing Managers Index was 49.3%, a decrease of 0.4 percentage points from the previous month; the non-manufacturing business activity index and the composite PMI output index were 50.1% and 50.2%, respectively, a decrease of 0.4 and 0.5 percentage points from the previous month, both continuing to be above the critical point, indicating that the overall economic output in China is expanding. I. Manufacturing Purchasing Managers Index declines slightly In July, affected by factors such as the traditional off-season of manufacturing entering production, high temperatures, and torrential rain and flooding disasters in some areas, the PMI fell to 49.3%, and the business activity level of the manufacturing industry fell from the previous month.