The Comprehensive PMI Output Index Ran Smoothly

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In July, the composite PMI output index stood at 54.1 percent, slightly lower than 0.1 percentage points in the previous month

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indicating that Chinese enterprises have maintained the momentum of recovery in production and operation. The manufacturing production index and the non-manufacturing business activity index, which make up the composite PMI output index, were 54.0% and 54.2%, respectively, rising and falling from the previous month.

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