Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s purchasing manager’s index (PMI) for manufacturing activity expanded to 51.1 in July from 50.9 in June, according to National Bureau of Statistics (NBS) data. 


PMI expanded as the demand and production further improved in the month along with government push and infrastructure investment.

In July, PMI’S sub-indexes for Production expanded by 0.1pc point to 54.0 from 53.9 in June and new order index was 51.7 amid gradual pick-up in demand.

The raw material inventory index expanded by 0.3pc points to 47.9

The employment index stood at 49.3, compared to 49.1, while supplier delivery time index narrowed to 50.4 in July.


The index for export orders expanded to 48.4 from 42.6 in June backed by healthy demand in overseas market.

In July, the PMI for non-manufacturing activities stood at 54.2 down from 54.4 in June. Among the non-manufacturing activities, construction sector improved and expanded by 0.7 to 60.5, compared to June.

Leave a Reply

Your email address will not be published.