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Caixin China General Manufacturing PMI: Manufacturing sector returns to growth in June
China’s manufacturing sector returned to growth at the end of the second quarter, according to the latest PMI® data. Higher new order inflows supported a renewed rise in production. That said, the rate at which new orders expanded was only marginal amid subdued exports. Business confidence meanwhile softened since May, and firms remained cautious with regards to staff hiring. Turning to prices, average charges fell at the most pronounced pace since January, which in turn was supported by lower input costs in June. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI) – a composite indicator ... (full story)
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