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Private gauge confirms factories strong in June-Eastday

Private gauge confirms factories strong in June-Eastday
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Manufacturing solid in June

Manufacturing solid in June By ZHOU LANXU and ZHANG YUE | China Daily | Updated: 2021-07-01 07:35 An employee works on the production line of a carmaker in Qingzhou, Shandong province. [Photo by Wang Jilin/For China Daily] PMI expansion slower due to supply shortages, but new orders edge up on 618 China s manufacturing activities maintained a solid expansion in June despite the small-scale resurgence of local COVID-19 cases, highlighting the resilience of the country s economic recovery, officials and experts said on Wednesday. The official purchasing managers index for China s manufacturing sector came in at 50.9 in June, little changed from 51 in May, indicating the sector has expanded steadily, the National Bureau of Statistics said on Wednesday.

Manufacturing solid in June--China Economic Net

  China s manufacturing activities maintained a solid expansion in June despite the small-scale resurgence of local COVID-19 cases, highlighting the resilience of the country s economic recovery, officials and experts said on Wednesday.   The official purchasing managers index for China s manufacturing sector came in at 50.9 in June, little changed from 51 in May, indicating the sector has expanded steadily, the National Bureau of Statistics said on Wednesday.   The reading stayed above the mark of 50, which separates expansion from contraction, as new orders increased faster while production remained buoyant, albeit rising at a slower speed due to supply shortages, the bureau said.   The sub-index of new orders edged up to 51.5 in June from 51.3 in May as domestic demand recovered while mid-year promotion campaigns like the June 18 online shopping carnival- 618 -boosted sales of consumer goods, helping offset the contraction in new export orders, according to the NBS.

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