China's manufacturing PMI remained at 49.5 in June, contracting for a second consecutive month.
China's manufacturing activity contracted for a second consecutive month in June, with the official purchasing managers' index (PMI) remaining at 49.5, indicating ongoing economic struggles. The PMI, a measure of factory output, suggests that the world's second-largest economy is still recovering and faces challenges in achieving growth. This news comes as policymakers prepare for a crucial political gathering in July, focusing on economic recovery.
June 30, 2024
20 Articles