Economic Indicators
China’s factory activity expands for first time in four months- official PMI
2022.06.30 04:41
FILE PHOTO: A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS
BEIJING (Reuters) – China’s factory activity expanded for the first time in four months, after authorities ended the lockdown in Shanghai, although growth missed analysts’ expectations, an official survey showed on Thursday.
The official manufacturing purchasing managers’ Index (PMI) rose to 50.2 in June from 49.6 in May, marking the first expansion since February, data from the National Bureau of Statistics (NBS) showed.
The 50-point mark separates contraction from growth on a monthly basis.
A Reuters poll had expected the PMI to come in at 50.5.
