Analysis of China's Manufacturing and Services PMI Figures for June

Sunday, 30 June 2024, 20:34
The official PMI data for China in June revealed mixed results, with manufacturing at 49.5 and services at 50.5. The figures indicate a slowdown in manufacturing and marginal growth in the services sector. This could have implications for China's economic growth and global trade.
ForexLive
Analysis of China's Manufacturing and Services PMI Figures for June

China's Official PMI Data for June

The weekend data release included China's official PMI figures for June, showing contrasting results for the manufacturing and services sectors.

Manufacturing at 49.5

Manufacturing PMI came in at 49.5, signaling a contraction in the sector, raising concerns about the impact on industrial output and employment.

Services at 50.5

Services PMI stood at 50.5, indicating slight expansion but posing challenges for sustaining growth momentum.

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