In June 2018, China's manufacturing purchasing managers' index (PMI) was 51.5%, down 0.4 percentage points from the previous month, still higher than the average of 0.2 percentage points in the first half of the year, and the overall manufacturing industry continued to expand.

In terms of enterprise scale, the PMI of large enterprises was 52.9%, down 0.2 percentage points from the previous month and staying above the critical point; the medium-sized enterprise PMI was 49.9%, down 1.1 percentage points from the previous month and falling below the critical point; small enterprises The PMI was 49.8%, up 0.2 percentage points from the previous month and still below the critical point.

From the classification index, among the five sub-indices that constitute the manufacturing PMI, the production index, the new order index and the supplier delivery time index are above the critical point, and the raw material inventory index and the employee index are below the critical point.

The production index was 53.6%, which was 0.5 percentage points lower than the previous month. It is still in the expansion range, indicating that manufacturing production has maintained growth and the growth rate has slowed down.

The new order index was 53.2%, down 0.6 percentage points from the previous month and continued to be above the critical point, indicating that the manufacturing market demand has continued to expand and the growth rate has narrowed.

The raw material inventory index was 48.8%, down 0.8 percentage points from the previous month and below the critical point, indicating that the main raw material inventory of the manufacturing industry continued to decrease.

The employee index was 49.0%, slightly lower than the previous month's 0.1 percentage point, below the critical point, indicating that the manufacturing industry contracted.

The supplier's delivery time index was 50.2%, higher than the previous month's 0.1 percentage point, above the critical point, indicating that the manufacturing raw material suppliers' delivery time has accelerated.