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MNI BRIEF:China June PMI Contracts For 2nd Straight Month

MNI (Singapore)
MNI (Beijing)
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China's Manufacturing Purchasing Managers Index shrank for a second straight month in June, registering 49.5, flat from May's reading, while non-manufacturing PMI slowed to the lowest level this year, data from the National Bureau of Statistics showed Sunday.

The production sub-index fell 0.2 points to 50.6, still above the 50 mark. However, the new orders sub-index fell by 0.1 points to 49.5 as enterprises reported insufficient effective demand.

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China's Manufacturing Purchasing Managers Index shrank for a second straight month in June, registering 49.5, flat from May's reading, while non-manufacturing PMI slowed to the lowest level this year, data from the National Bureau of Statistics showed Sunday.

The production sub-index fell 0.2 points to 50.6, still above the 50 mark. However, the new orders sub-index fell by 0.1 points to 49.5 as enterprises reported insufficient effective demand.

Keep reading...Show less