China’s manufacturing PMI edges down to 50.9 in June


 The Purchasing Managers’ Index (PMI) for China’s manufacturing sector came in at 50.9 in June, slightly down from 51 in May, data from the National Bureau of Statistics (NBS) showed.

NBS data on Wednesday  showed a reading above 50 indicated  expansion, while a reading below reflected contraction, the PMI remained in expansion zone for the 16th consecutive month.

The sub-index for production stood at 51.9, down 0.8 percentage points from a month earlier, indicating a slowdown in the expansion of production.

The sub-index for new orders was up by 0.2 percentage points to 51.5 in June, which showed  that the market demand in the manufacturing sector continued to grow.

National growth LS

The new export order index stood at 48.1 this month, down by 0.2 per centage points from the previous month, which indicated that overseas orders declined during the period, while the import index contracted by 1.2 percentage points to 49.7.

Wednesday’s data also showed that the PMI for China’s non-manufacturing sector came in at 53.5 in June, down from 55.2 in May. (Xinhua/NAN)

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