China s manufacturing PMI edges down to 50.9 in June
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BEIJING, June 30 (Xinhua) 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.
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BEIJING (Reuters) - Growth in China s factory activity dipped to a four-month low in June, weighed by higher raw material costs, a global shortage of semiconductors and a resurgence of COVID-19 cases in the major export province of Guangdong. The official manufacturing Purchasing Manager s Index (PMI) eased slightly to 50.9 in June versus 51.0 in May, data from the National Bureau of Statistics showed on Wednesday. It, however, exceeded analysts forecast for a slowdown to 50.8. It remained above the 50-point mark that separates growth from contraction on a monthly basis. The world s second-largest economy has largely recovered from disruptions caused by the COVID-19 pandemic, but Chinese manufacturers are grappling with new challenges from higher raw material costs to global supply chain bottlenecks.
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China manufacturing slows as supply shortages roil Asia industry Growth in China s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
FILE PHOTO: An employee works on the production line of electric vehicle (EV) battery manufacturer Octillion in Hefei, Anhui province, China March 30, 2021. Picture taken March 30, 2021. REUTERS/Aly Song/File Photo
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BEIJING: Growth in China s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.