The manufacturing industry is showing signs of stabilizing

According to the Xinhua News Agency, Shanghai, July 11 (Reporter Chen Yunfu), the latest data released by the Commodity Data Business Group shows that in early July, the commodity supply and demand index (BCI) tracking the economic performance of the manufacturing industry ended two consecutive months. After running in the interval, it turned positive again and the final value was 0.11, showing that the economic operation gradually showed signs of stabilizing.

Data shows that in early July, the prices of the eight sectors tracked by the BCI index, including chemicals, textiles, agricultural and sideline industries, and rubber and plastics plates, all stabilized and rebounded. The price of rubber and plastic products, which had risen more, went up for 10 days in a row, and the cumulative average gains reached 2.78%, while the decline in the plate is only two blocks of building materials and steel, but the plate tracking the average decline in goods are not more than 1%.

This year, the index has been falling for six consecutive months, and has shifted to the negative range for two consecutive months in May and June, indicating that the market is pessimistic and the economic downward pressure is greater.