National Bureau of Statistics: Manufacturing Purchasing Managers' Index (PMI) was 49.3% in July, a decrease of 0.4 percentage points from the previous month.

According to the Wise Wealth Financial APP, on July 31, the National Bureau of Statistics released the operating conditions of China's Purchasing Managers' Index (PMI) for July 2025. In July, the PMI for the manufacturing industry was 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a decline in the manufacturing industry's business activity. From the perspective of enterprise size, the PMI for large enterprises was 50.3%, a decrease of 0.9 percentage points from the previous month but still above the critical point; the PMI for medium-sized enterprises was 49.5%, an increase of 0.9 percentage points from the previous month but still below the critical point; and the PMI for small enterprises was 46.4%, a decrease of 0.9 percentage points from the previous month and also below the critical point. In terms of the five sub-indices that make up the manufacturing PMI, the production index and supplier delivery time index were above the critical point, while the new orders index, raw material inventory index, and number of employees index were below the critical point.