China's manufacturing sector returns to growth in June - Caixin.
China’s manufacturing sector returned to growth in June, according to figures released on Tuesday.
Source: Sharecast
The Caixin manufacturing purchasing managers’ index rose to 50.4 from 48.3 in May, coming in above the 50.0 mark that separates contraction from expansion.
According to panellists, better trade conditions and promotional activities supported a fresh rise in new orders.
Caixin said the rate of new order growth was only marginal, however, as external demand remained muted. New export orders declined for the third month in a row in June, albeit at a noticeably weaker pace than in May.
Wang Zhe, economist at Caixin Insight Group, said: "Overall, manufacturing supply and demand recovered in June.
"However, we must recognise that the external environment remains severe and complex, with increasing uncertainties. The issue of insufficient effective demand at home has yet to be fundamentally resolved."
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
