UK manufacturing website August 3 news, due to the weak market and low demand, China's manufacturing purchasing managers index (PMI) for SMEs in July decreased from 49.4 in June to 47.8, lower than the expected 48.2, a decrease of It has been the largest in 44 months; the PMI for large companies has dropped from 50.2 to 50.
Since June, China’s employment situation has eased, but weak market demand has led to the downsizing of companies, while the reduction in corporate output has piled up a lot of unfinished work. With the decrease in the cost of raw materials, the average cost input and sales prices of enterprises fell again in July. The number of manufacturing employees fell for 21 consecutive months, and the manufacturing output contracted for 5 consecutive months.
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