Steel PMI fell to the lowest level in seven years

China federation of logistics and purchasing, the national bureau of statistics survey center service on July 1, according to data released in June, China manufacturing purchasing managers’ index (PMI) is 50.2%, with flat last month, for the fourth month in a row above the critical point. Released on the same day the non-manufacturing business activity index (PMI) is 53.8%, rose by 0.6%, indicates that under the background of continued strength in macroeconomic regulation and control, structure adjustment pace is accelerated, lay a good foundation for the economic transformation and sustainable development.

Future economic growth is generally stable

Under the state council development research center, macro-economic zhang liqun, a researcher points out, PMI index and flat last month in June, said the future economic growth is generally stable. Cai Jin, vice chairman of the China federation of logistics and purchasing said that since entering the second quarter, a modest uptick between PMI, average of 50.2% in March, is up 0.3% in the first quarter, according to preliminary is restrained, the economic downturn situation to develop in the direction of stabilization, reasonable economic growth remains at 7%, moderate interval has the basis and conditions.

China logistics information center, said analyst Chen Zhongtao combining sub-index, ready for the current enterprise procurement activities maintain a positive, stable production situation picks up, large and medium-sized enterprises operating in good condition, economy running smoothly.

It is important to note that the content union steel logistics professional committee issued a report on July 1, PMI index fell to 37.4% in June, the domestic steel industry, fell 5% last month. The index has reached its lowest level since December 2008, and 50% from the line in the following 15 consecutive month.

Structural adjustment to speed up the pace

Released on the same day the non-manufacturing business activity index (PMI) is 53.8%, rose by 0.6%. Change from all the main index of non-manufacturing PMI, services and construction of commercial activities and new orders index rising to some extent, the real estate new orders index and sales price index for continuous recovery trend.

End of the service industry, on the other hand, the new orders index fell last month, and back to more than 50%, rose by 1.7%, to 50.8%. From the specific industries, the Internet information services market demand continues to grow rapidly, the new orders index for two consecutive month-on-month rise.

“Under the background of macroeconomic regulation and control policy for power, in the first half of the manufacturing economy remain steady growth trend, the pace of structural adjustment of gradually speed up, for the economic transformation and sustainable development to lay the good foundation.” Cai Jin pointed out.

In Cai Jin view, due to weak market demand pick up, the enterprise market pressure, economic downward pressure is still nots allow to ignore. To focus on the current unstable factors in the economic operation: one is the market demand the strength weak, the second is the market price continued to fall.