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China’s manufacturing activity increased in July and export orders strengthened despite weak demand from the United States and Europe, according to a survey on Friday, in new signs that the world’s second-largest economy is gradually recovering. of the coronavirus pandemic.
The monthly purchasing managers index released by the China Bureau of Statistics and an industry group rose to 51.1 from June 50.9 on a 100-point scale. Figures above 50 show an increase in activity.
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A measure of new orders improved to 51.4 from 51.7, according to the National Bureau of Statistics and the Chinese Logistics and Purchasing Federation. New export orders increased 5.8 points to 48.4.
The results suggest that “China’s economy continues to maintain a rebound trend,” the federation said in a statement.
China, where the pandemic began in December, was the first economy to shut down to fight the virus and the first to try to revive business after the ruling Communist Party declared victory over the disease in March.
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The economy grew 3.2 percent unexpectedly strong during the prior year in the three months ending June, recovering from a 6.8 percent contraction in the previous quarter.
Manufacturing is close to normal activity, but retail, restaurants, and other service industries are struggling.
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Forecasters warn that exports are likely to decline again later in the year once demand for masks, surgical gloves and other medical supplies declines. That will increase the burden on Chinese consumers and government stimulus spending to keep a recovery on track.
