7月PMI数据点评：需求不足仍为主要矛盾-240731-太平洋证券-13页

太平洋证券股份有限公司证券研究报告需求不足仍为主要矛盾—7月PMI数据点评研究助理：万琦电话：18702133638E-MALL：wanq@tpyzq.com一般证券业务登记编码：S1190122070011证券分析师：徐超电话：18311057693E-MALL：xuchao@tpyzq.com执业资格证书编码：S1190521050001报告日期：2024年7月31日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2024/72024/62024/52024/42024/32024/22024/12023/122023/112023/102023/92023/82023/7制造业PMI-0.149.449.549.550.450.849.149.249.049.449.550.249.749.3生产-0.550.150.650.852.952.249.851.350.250.750.952.751.950.2新订单-0.249.349.549.651.153.049.049.048.749.449.550.550.249.5新出口订单0.248.548.348.350.651.346.347.245.846.346.847.846.746.3进口0.147.046.946.848.150.446.446.746.447.347.547.648.946.8原材料库存0.247.847.647.848.148.147.447.647.748.048.248.548.448.2从业人员0.248.348.148.148.048.147.547.647.948.148.048.148.048.1供应商配送时间-0.249.349.550.150.450.648.850.850.350.350.250.851.650.5采购量0.748.848.149.350.552.748.049.249.049.649.850.750.549.5主要原材料购进价格-1.849.951.756.954.050.550.150.451.550...