Activity in China’s manufacturing sector in June grew at the fastest pace since May 2021 on strong production and stabilizing employment, but manufacturers became less optimistic about the outlook, a Caixin-sponsored survey showed Monday.
The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the sector, came in at 51.8 in June, up 0.1 points from the previous month. A reading above 50 signals an expansion in activity, while a number below that indicates a contraction.
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