China’s manufacturing PMI fell below the critical point again after rebounding in June< Br > < div class= "contheight" > < / div > on July 31, the data released by the National Bureau of statistics showed that the Manufacturing Purchasing Manager Index (PMI) was 49.0% in July, down 1.2 percentage points from the previous month, and the manufacturing boom level fell somewhat; The non manufacturing business activity index was 53.8%, down 0.9 percentage points from the previous month, and the non manufacturing industry recovered for two consecutive months; In July, the comprehensive PMI output index was 52.5%, down 1.6 percentage points from the previous month, indicating that the overall production and operation of Chinese enterprises continued to recover and expand< Img alt= "PMI trend chart data source since February 2020: wind" style= "width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/208/547/727.png ">
PMI trend chart data source since February 2020: wind < / P > PMI is one of the leading indexes to monitor macroeconomic trends. It is an index compiled by statistical summary of the monthly survey results of enterprise procurement managers. It covers all links of enterprise procurement, production, circulation, including manufacturing and non manufacturing fields. 
PMI trend chart of non manufacturing industry since February 2020 data source: wind
Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, said that China’s economic boom has fallen, and the recovery foundation needs to be stable.< div class=" contheight "> < /div>