China factory activity edges down in June on tight supplies
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30/06/2021 - 04:40 Data showed China s factory activity stabilised in June, with output hit by supply shortages of key commodities and microchips STR AFP 2 min
Beijing (AFP)
Chinese factory activity stabilised in June, data showed Wednesday, but output was hit by supply shortages of key commodities and microchips as well as the coronavirus-induced closure of a key port that caused huge delivery delays.
The Purchasing Managers Index (PMI), a key gauge of manufacturing activity in the world s second-largest economy, came in at 50.9 in June from May s 51.0, the National Bureau of Statistics said.
China s factory activity expands at a slightly slower pace in June - official PMI Reuters 6 hrs ago
BEIJING, June 30 (Reuters) - China s factory activity expanded at a slightly slower pace in June, as high raw material costs and port disruptions in the export province of Guangdong affected business activity.
The official manufacturing Purchasing Manager s Index (PMI) eased to 50.9 in June from 51 in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, remaining above the 50-point mark that separates growth from contraction.
Analysts had expected it to slip to 50.8.
The world s second-largest economy has largely recovered from disruptions caused by the pandemic, but Chinese manufacturers are grappling with new challenges from higher raw material costs to global supply chain bottlenecks.
The purchasing managers index (PMI) for China s manufacturing sector came in at 50.9 in June, slightly down from 51 in May, data from the National Bureau of Statistics showed Wednesday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
（Editor:Liao Yifan）
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A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS
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BEIJING, June 30 (Reuters) - China s factory activity expanded at a slightly slower pace in June, as high raw material costs and port disruptions in the export province of Guangdong affected business activity.
The official manufacturing Purchasing Manager s Index (PMI) eased to 50.9 in June from 51 in May, data from the National Bureau of Statistics (NBS) showed on Wednesday, remaining above the 50-point mark that separates growth from contraction.