The HSBC purchasing managers' index (PMI) for the Chinese manufacturing sector increased to a final reading of 50.7 in June, compared to the final reading of 49.4 recorded in May, as announced by HSBC Holdings PLC on July 1.
In June, the sub-index for new orders rose to a 15-month high of 51.8.
According to Hongbin Qu, the HSBC's chief economist for China, the significant rise seen in the final June reading for the HSBC manufacturing PMI for China indicates that demand in China has been on an increasing trend, while consumption of inventory has accelerated.
Meanwhile, according to China's National Bureau of Statistics (NBS) on July 1, the purchasing managers' index (PMI) for China's manufacturing sector was at 51.0 percent in June of the current year, up 0.2 percentage points from May.