June China Manufacturing Purchasing Manager Index 53.2%

China's Logistics and Purchasing association released its June China manufacturing Purchasing Managers ' Index (PMI) at 53.2%, a slightly higher 0.1% than last month, and a fourth consecutive month to stay above 50%. The manufacturing PMI is a composite index, weighted by 5 major diffusion indices, according to the internationally-accepted approach.　　Usually the PMI index is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession. China's manufacturing PMI showed a steady rise this month, according to China's logistics and purchasing union. Sub-index, compared with last month, the New Order index, the backlog index, the finished goods inventory index, the purchasing index and the supplier distribution time index decreased, while the remaining indices rose to varying degrees, especially with the new export Order index, the raw material stock index and the purchase price index rising more than 1%,　　The purchase price index rose to 4.7%. From the index level, only the backlog index, finished product inventory index, import index and raw material inventory index below 50%, the remaining indices are above 50%, especially with the production index, New Order index and purchase price index as the highest, all over 55%.