Manufacturing companies in June mostly consume raw material inventory to meet production needs

In June, the National Manufacturing Purchasing Managers Index (PMI) was 53.2%, up from 0.1% in the previous month. The index stood at the critical point for 4 consecutive months, which is more than 50%, indicating that with the central government's implementation of a series of policies and measures to expand domestic demand and promote stable and rapid growth of the national economy, the manufacturing economy has generally shown a steady upward trend.
From the perspective of the industry, the number of industries with an increase in production volume was significantly higher than that of last month. Among them, the ferrous metal smelting and rolling processing industry, electrical machinery and equipment manufacturing, communication equipment computer and other electronic equipment manufacturing, special equipment manufacturing and instrumentation culture The production of office machinery manufacturing and textile industries rose significantly; however, the production of chemical raw materials and chemical products, tobacco products, non-ferrous metal smelting and rolling processing industries all declined to varying degrees.
The new orders index was 55.5%, down 0.7 percentage points from the previous month. After recovering above the critical point in February, the index continued to run smoothly at 55% for four consecutive months, indicating that the number of new orders from manufacturing companies continued to grow at a sequential rate. In terms of sub-sectors, new orders for the ferrous metal smelting and rolling processing industry, electrical machinery and equipment manufacturing, communications equipment, computers and other electronic equipment manufacturing industries increased significantly. The survey results showed that the export order index was 51.4%, which has risen back above the critical point since May and increased by 1.3 percentage points this month.
The main raw materials inventory index was 47.4%, still below the critical point, indicating that the main raw material stocks of manufacturing companies continued to decrease. The survey shows that some manufacturing companies are more difficult to purchase raw materials, and companies mostly consume raw material inventory to meet production needs.
The employee index was 50.1%, a slight increase of 0.2 percentage points from the previous month. It returned above the critical point, indicating that the labor demand in the manufacturing industry stabilized. From the perspective of the industry, the number of employees in the manufacturing of special equipment and instrumentation, cultural office machinery manufacturing, transportation equipment manufacturing, electrical machinery and equipment manufacturing, agricultural and subsidiary food processing and food manufacturing, and beverage manufacturing industries increased .
The supplier's delivery time index was 50.1%, slightly higher than the critical point, indicating that the manufacturing material supplier's delivery time did not change much from the previous month.
The survey results showed that due to factors such as rising prices of international bulk commodities, the purchase prices of some major raw materials such as crude oil, steel, coal, and non-ferrous metals rose during the month.