7月PMI数据点评：需求不足仍为主要矛盾.pptxVIP

证券研究报告供需失衡持续，制造业景气水平回落1暑期消费支撑非制造业持续扩张2经济承压凸显稳增长必要3请务必阅读正文之后的免责条款部分守正出奇宁静致远

证券研究报告中国7月制造业PMI指数49.4，预期49.3，前值49.5。中国7月非制造业PMI指数50.2，预期50.3，前值50.5。数据来源：iFinD，太平洋证券研究院项目 较前值 2024/7 2024/6 2024/5 2024/4 2024/3 2024/2 2024/1 2023/12 2023/11 2023/10 2023/9 2023/8 2023/7制造业PMI-0.149.449.5 49.550.450.849.149.249.049.449.550.949.550.249.749.3生产新订单新出口订单进口原材料库存从业人员供应商配送时间-0.550.150.650.849.652.952.249.851.350.250.749.452.751.950.2-0.249.349.551.153.051.350.449.0 49.048.745.846.450.550.249.50.248.5 48.3 48.350.646.347.246.346.847.847.646.746.30.147.046.946.847.848.146.447.447.548.848.046.747.3 4