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.