Caixin China manufacturing PMI declines to 49.4 in June

Monday, 01 July 2019 12:01:18 (GMT+3)   |   Shanghai
       

In June, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 49.4, down 0.8 percentage points compared to the final reading for May, as announced by Beijing-based Caixin media group. 

Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, stated that the government’s policy to stimulate the infrastructure construction, high-tech manufacturing and consumption will be important to ensure good development in China.

Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 49.4 percent in June, remaining stable compared to the previous month.

 


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