China’s manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 in June from 50 in May, moving back into expansion territory and marking its second-highest reading of the year, according to official data released by the National Bureau of Statistics (NBS).The non-manufacturing PMI, which covers the construction and services sectors, also improved slightly to 50.2 in June from 50.1 in May, indicating that overall economic activity continued to gain traction.
China’s manufacturing activity returned to expansion in June as the official PMI rose to 50.3 from 50.0 in May, marking its second highest reading this year.
The non-manufacturing PMI also edged up to 50.2 from 50.1, signaling a modest improvement in overall economic activity.
Both indicators remained above the 50-point threshold, indicating continued expansion.
A PMI reading above 50 indicates expansion in business activity, while a reading below 50 signals contraction.
The official PMI data point to a gradual recovery in China’s economic momentum, with both manufacturing and non-manufacturing sectors remaining in expansion territory in June.
Fibre2Fashion News Desk (JP)
