China official PMIs for June: Manufacturing 50.9 (vs. expected 50.4), Services 54.4 (exp. 53.5)

Author: Eamonn Sheridan | Category: News

China official PMIs for June

Manufacturing 50.9

  • expected 50.4, prior 50.6

Non-manufacturing 54.4 

  • expected 53.5, prior 53.6
  • best for 7 months

Composite 54.2

  • prior 53.4
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In brief from the details:
  • factories and companies have returned
  • output is growing
  • exports and domestic retail sales are shrinking
  • manufacturing employment is back in contraction at 49.1
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