China's PMI falls to 50.9 in June

The purchasing managers Index (PMI) of China's manufacturing sector fell to 50.9 points in June, down 1.1 from May, the China Federation of Logistics and Purchasing (CFLP) announced on June 30. The June index was less than the 51.3 expected by the market. With the index still above 50, this indicates continued economic growth, though the rate of growth has declined.