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MNI BRIEF: Caixin China Manufacturing PMI Falls In June

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI edged down 0.4 points to register 50.5 in June from May, indicating slower recovery of factory activities with declining market confidence, despite the print within the expansion zone above 50 for the second month, the financial publisher said Monday.

The production sub-index dipped from its 11-month high in May, while the new orders sub-index also fell slightly, though both figures were still above 50. The new export orders sub-index was only slightly above the threshold as external demand weakened, Caixin said.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Friday, covers mainly large state-owned companies and rose 0.2 points to 49.0 in June.


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