Mixed Economic Signals in China's Manufacturing Sector

Surveys indicate mixed economic signals in China's manufacturing sector for June. While overall growth remains stable, the recovery momentum is weak. Different PMI readings from official and private surveys highlight variations in outlook and sentiment among factory managers.

Economic surveys from China indicate mixed outcomes for its manufacturing sector in June. The official PMI stayed at 49.5, signaling stable yet unaccelerated growth.

Zhao Qinghe of the National Bureau of Statistics noted that China's manufacturing output is expanding, but further consolidation is necessary for recovery. New export orders declined, influenced by tariff hikes in the EU and the US.

Conversely, a private survey by Caixin showed a slight uptick to 51.8, marking the fastest factory output growth in two years. Despite the positivity, purchasing managers' confidence hit a four-and-a-half-year low, stressing the impact of intense competition and market uncertainties.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)