NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
UTC+8 ( BJT)

NBS: China Jun manufacturing PMI largely stable at 50.9

ABSTRACT

China’s Purchasing Managers’ Index (PMI) for the manufacturing industry remained largely steady in June, or down merely 0.1 basis point on month to 50.9, or having been in the expansion zone for 16 months, indicating that the manufacturing sector had been in a continuing and steady expansion, the country’s National Bureau of Statistics (NBS) shared in a release on June 30.
Demand and supply went to opposite directions in June, as production sub-index receded by 0.8 basis point on month to 51.9, as “some manufacturers had slowed down the pace in expansion due to the supply constraints in auto chips, coal and power as well as the maintenance,”Zhao Qinghe, NBS’senior statistician,

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