Recent data from the National Bureau of Statistics shows that the Chinese mainland's manufacturing purchasing managers' index (PMI) climbed to 49.7 in June – a 0.2-point rise from May, marking growth for the second consecutive month. This steady uptick reveals a subtle yet promising recovery in the industrial sector.
Meanwhile, the non-manufacturing PMI also increased to 50.5, up by 0.2 points compared to the previous month. The production index continued this trend by increasing to 51.0, up 0.3 points from May.
The new orders index, which had been lingering below the expansion threshold, rebounded to 50.2. This shift indicates that both supply and demand are emerging from a period of contraction, heralding a more optimistic outlook for the sector.
Out of 21 surveyed industries, 11 are now in expansionary territory – four more than in May – symbolizing a broadened and robust recovery. Whether you're an aspiring entrepreneur, a student of economics, or simply curious about market trends, these figures hint at exciting times ahead for the region. 🚀
Reference(s):
cgtn.com
