According to the data issued by the China Federation of Logistics and Purchasing on Saturday, August 1, the Purchase Management Index (PMI) of China rose slightly to 53.3 percent in July, from 53.2 percent in June, staying above 50 percent for the fifth consecutive month.
Compared to June, in July, China's import index dropped by one percent and purchasing price index increased by 2.1 percent, while the new order index remained unchanged. Meanwhile, China's new export order component of the PMI rose to 52.1 percent in July from 51.4 percent June, indicating a further improvement for the future export market.
As of November 2008, China's PMI has rebounded to keep rising, particularly from March when the index exceeded 50 percent after remaining below that level from October 2008 to February 2009.