The purchasing directors' indicator( PMI) for China's manufacturing sector came in at 49 in July, down from 50.2 in June, data from the National Bureau of Statistics( NBS) showed Sunday.
The force and demand of the manufacturing assiduity declined in July, after a rapid-fire gain in June. The product and new orders up-indexes edged down 3.0 and1.9 chance points from last month to 49.8 per cent and 48.5 per cent, both fell within the compression zone.
The decline in the manufacturing sector can be attributed to similar factors as the off-season of traditional products, inadequate release of request demand, and low substance of high energy-consuming diligence, according to NBS elderly statistician Zhao Qinghe.
According to a check, the proportion of enterprises tormented by inadequate request demand has increased for four successive months, exceeding 50 per cent in July. inadequate request demand is the main challenge faced by manufacturing enterprises at present, and the foundation for the recovery of manufacturing development needs to be stabilized, said Zhao.
In the meantime, the PMI for-manufacturing sector came in at 53.8 in July, down from 54.7 in June, according to the NBS statistics. The figure has remained within the expansion home for two successive months.
A reading above 50 indicates expansion, while a reading below reflects compression.