1st LD: China's manufacturing PMI rebounds to expansion zone in June
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E-mail Xinhua, June 30, 2022
BEIJING, June 30 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
"As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster pace, China's overall economic recovery is picking up," NBS senior statistician Zhao Qinghe said.
The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.
Thursday's data also showed that the PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May. Enditem
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