Wed, 05 Oct 2022

© Provided by Xinhua

BEIJING, June 30 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

"As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster pace, China's overall economic recovery is picking up," NBS senior statistician Zhao Qinghe said.

The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.

Thursday's data also showed that the PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May.

More Beijing News

Access More

Sign up for Beijing News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!