The initial PMI of China's manufacturing industry
2022-08-22- Detail
HSBC's initial PMI of China's manufacturing industry rose to 50.8 in June
HSBC's initial PMI of China's manufacturing industry rose to 50.8 in June
China Construction machinery information
HSBC's purchasing manager preview index of China's manufacturing industry in June was 50.8, rising for the first time in six months, but still below last year's level to above the boom and bust line, and reached a seven month high. The final value in May was 49.4
in addition, the initial value of China's HSBC manufacturing PMI new order index rose to 51.8 in June, the highest in 15 months
the manufacturing PMI of China and Japan unexpectedly expanded in June, the market risk appetite increased significantly, and the risk assets such as the Australian dollar and the stock market rose. Japan's manufacturing PMI in June was 51.1, up from 49.9
HSBC data also showed that the initial value of the manufacturing output index of China's automobile manufacturing enterprises as the main body of pollution control in June recorded 51.8 (49.8 in May), also the highest in seven months
quhongbin, chief economist of HSBC China and co head of Economic Research Asia Pacific region, analyzed that the initial value of HSBC manufacturing PMI in June rebounded to 50.8, the highest since this year. The economy has generally taken a decent turn for the better, and domestic and overseas demand indicators are expanding this month. Destocking accelerated, while the job market also showed signs of stabilization. This month's data further confirmed that the economy began to warm up under the micro stimulus policy, and the heavy use of instruments and equipment
"in the next few months, the investment in infrastructure construction and related industries will continue to support the economic improvement. We believe that the steady growth policy will continue to ensure that the economic recovery can be sustained." Quhongbin said
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