China’s official and private purchasing managers’ indexes for June point to mixed but stabilizing economic activity. One set of data shows China’s manufacturing activity rises to about 50.3, indicating expansion compared with the prior month and matching market expectations in some reports. Another manufacturing-focused report says the manufacturing PMI eases to 51.7 in June, but still stays above the 50 threshold that separates growth from contraction and beats forecasts. That same report links the broader manufacturing performance to a relatively strong recent quarter.
On the services side, a non-manufacturing PMI is reported to rise to around 50.2 in June, which also signals expansion. A separate account notes that services activity slows slightly, according to a private PMI reading, while still remaining near the growth threshold. Across outlets, the common picture is that manufacturing is not collapsing and services are modestly improving, but with signs that momentum in parts of the economy is uneven from month to month. The reports rely on PMI survey data for June and compare results with prior readings and expectations.
