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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Caixin China June Manufacturing PMI At 1-Year High
Caixin China's manufacturing PMI for June rose 3.6 points on month to 51.7, rebounding back to the expansion zone above 50 for the first time in four months and hitting the highest level since June 2021, as the resumption of work and production continue to advance following an easing pandemic situation, financial publisher Caixin said on Friday.
Supply strengthened significantly in June, with the production sub-index hitting a new high since December 2020. But the overall market demand is relatively weak and the new orders sub-index rose only slightly above the breakeven 50. External demand also improved, with the new export orders sub-index rising to expansionary territory for the first time since August 2021.
Caixin's PMI tracks small and medium-sized manufacturers, while the official PMI also covering large state-owned companies and released on Thursday also rose 0.6 points to 50.2 in June from May. (SEE: MNI: Official China PMI In Expansion, But More Stimulus Needed).
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.