China’s manufacturing PMI report for June has just been released, and it’s missed expectations.
At 50.2, the reading was below expectations for an increase to 50.3. It was unchanged from May.
Elsewhere the nation’s non-manufacturing PMI gauge rose to 53.8 from 53.2 in May. The increase snapped a three-month deceleration in activity and was the highest level seen since February 2015.
A PMI reading above 50 indicates activity across the sector is expanding.
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