Off the wire
• China Hushen 300 index futures close lower Friday  • China treasury bond futures higher Friday  • Iranians mark Al-Quds Day in solidarity with Palestinians  • DPRK top leader says to strengthen cooperation with Cuba  • Brazil's Rousseff raises fund to fight back impeachment  • Resale prices for Singapore's public housing units up 0.1 pct in Q2: HDB's flash estimates  • Chinese shares close mixed Friday  • Xi: Party rooted in the people  • Roundup: Taliban twin suicide attacks in Kabul widely condemned  • Woman slain, 3 children injured in Bahrain roadside explosion  
You are here: 　 Home

1st LD: China's manufacturing PMI down slightly in June

Xinhua, July 1, 2016 Adjust font size:

China's manufacturing sector posted a slight drop in June, official data showed on Friday, suggesting there remains downward pressure on the world's second-largest economy.

The purchasing managers' index (PMI) came in at 50 in June, slightly lower than May's 50.1. It was the lowest reading since March's 50.2, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

NBS statistician Zhao Qinghe said, in general, the manufacturing sector is steady and its structures are improved. High-tech manufacturing picked up remarkably while industries with excess capacity contracted.

The sub-index measuring production stood at 52.5, marking the second consecutive expansion.

The sub-index for new orders settled at 50.5, 0.2 percentage points lower than the previous month but remaining in expansion territory for a fourth month, indicating steady market demand. Endi