China official PMIs for June
Manufacturing 50.9
expected 50.8, prior 51.0
Non-manufacturing 53.5
expected 52.7, prior 55.2
Composite 52.9
prior 54.2
Falls for both of the official PMIs but not the extent forecast. As I posted earlier, the renewed outbreak in China's Guangdong, a hub of industrial activity (amongst many others admittedly) and associated measures was expected to weigh, and it has, but not as bad as feared.
