China News recently reported that due to the manufacturing industry entering the traditional off-season, high temperatures in some areas, heavy rains and floods, China’s manufacturing purchasing managers’ index (PMI) fell to 49.3 percent in July – according to China’s National Bureau of Statistics.
In the manufacturing PMI, the production sub-index and new orders sub-index were 50.5 percent and 49.4 percent respectively, both down from the previous month. Manufacturing production activities continued to expand, while market demand slowed down. The raw materials price sub-index and the ex-factory price sub-index were 51.5 percent and 48.3 percent respectively. This indicates the overall factory price level in the manufacturing market continues to drop.
In July, the PMI for large enterprises was 50.3 percent, down 0.9 percentage points from the previous month. The PMI for medium-sized enterprises was 49.5 percent, up 0.9 percent from June. The PMI for small enterprises fell again to 46.4 percent.
Source: China News, July 31, 2025
https://www.chinanews.com.cn/cj/2025/07-31/10456794.shtml