Chinas' manufacturing PMI inches towards recovery in June: NBS
Out of the 21 sectors surveyed, 11 reported expansions in June—an increase from just 7 in the previous month. Notably, equipment, high-tech, and consumer goods manufacturing remained in positive territory for the second consecutive month, with PMIs at 51.4, 50.9, and 50.4, respectively.
The non-manufacturing PMI edged up to 50.5 in June, a 0.2-point increase from May. The general PMI rose from 50.4 to 50.7. The upward movement across all three key indices points to a steady recovery trend, Chinese media reports said quoting NBS statistician Zhao Qinghe.
China's manufacturing PMI rose to 49.7 in June, marking a second consecutive monthly increase, signalling gradual recovery, as per NBS. Of 21 sectors, 11 showed growth, with equipment, high-tech, and consumer goods PMIs staying above 50. The non-manufacturing PMI climbed to 50.5, and the general PMI rose to 50.7. The consistent rise across indices reflects a steady improvement in economic activity.
A PMI above 50 denotes growth, while a figure below indicates contraction.
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