#PMI Structural Analysis#Demand Analysis: The scissor gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect domestic demand
author：Market Cap Client
#PMI结构分析#
Demand analysis: the scissors gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect relatively weak domestic and external demand.
Production Analysis: New Orders-Production Shows Inflation Pulls Back, Employment-Production Still Shows Orders Shortfall.
Procurement analysis: ex-factory prices indicate that PPI may fall month-on-month, and rising raw material purchase prices indicate that demand has risen.
Inventory analysis: the inventory of raw materials is lower than the previous value, and the inventory of finished products is also lower than the previous value, indicating that it is currently in the stage of active destocking, and enterprises are reducing raw material purchases and reducing inventory at the same time, reflecting that enterprises are still cautious in their expectations.
#PMI Structural Analysis#Demand Analysis: The scissor gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect domestic demand
#PMI Structural Analysis#Demand Analysis: The scissor gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect domestic demand
#PMI Structural Analysis#Demand Analysis: The scissor gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect domestic demand
#PMI Structural Analysis#Demand Analysis: The scissor gap between new orders and finished goods inventories has fallen, indicating that there is still room for economic momentum to rise, but new orders and new export orders still reflect domestic demand
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