CBN丨China's factory activity shows marginal improvement in June
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China'sfactoryactivitygaugeimprovedslightlyinJune,butwasstillbelowthe50-pointmarkthatseparatescontractionfromexpansion,officialdatashowedonMonday.
DatafromtheNationalBureauofStatisticsshowedthatChina'sofficialpurchasingmanagersindexforthemanufacturingsectorcameinat49.7inJune,upfrom49.5inMay.
ZhaoQinghe,anNBSstatistician,saidtheimprovementwasmainlysupportedbytherecoveryinbothsupplyanddemand,withimprovementingaugesforproductionandneworders.
Thesub-indexforproductionwas51inJuneversus50.7inMay,whilethegaugeforneworderscameinat50.2inJune,upfrom49.8inMay,theNBSreported.
Notably,thePMIsforequipmentmanufacturing,high-techmanufacturingandconsumerproductssectorscameinat51.4,50.9and50.4inJune,respectively,remainedinexpansionforasecondconsecutivemonth.
China'snon-manufacturingPMI,whichincludessubindexesforservicesectoractivityandconstruction,cameinat50.5inJune,upfrom50.3inMay.However,theservicesPMIdippedslightlyto50.1inJunefrom50.2inMay.
Thecountry'sofficialcompositePMI,whichencompassesbothmanufacturingandnon-manufacturingactivities,rosefrom50.4inMayto50.7inJune,indicatingcontinuedmodestexpansioninoverallbusinessactivity.
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