US EditionChinese factory activity improves slightly with delay on tariffs, but still lags
CHINA, JUN 30 – China’s manufacturing Purchasing Managers’ Index rose to 49.7 in June, reflecting slight improvement though activity remained below the expansion threshold for the third month amid weak demand.
- China's manufacturing activity slightly improved in June with the PMI rising to 49.7, but stayed below the 50-point growth threshold for the third month.
- This mild improvement follows mid-May tariff de-escalations between Beijing and Washington amid cautious business sentiment over ongoing trade negotiations.
- New orders in the manufacturing sector climbed above the 50.0 mark, and the non-manufacturing PMI increased to 50.5; however, activity among medium- and small-sized enterprises continued to lag behind.
- Economist Zichun Huang said the economy regained momentum but warned weaker exports and fading fiscal support might slow activity in the year's second half.
- China's Politburo meeting in July will clarify growth outlook as officials likely delay further monetary easing and continue reforms shifting toward a consumer-driven economy.
22 Articles
22 Articles
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China factory activity improves amid tariff delay
KEY TAKEAWAYS: China’s PMI rose slightly to 49.7 in June, signaling continued contraction Trump’s 90-day tariff pause boosted large manufacturers Export orders and hiring in China remained weak Japan and South Korea also reported sluggish factory output Chinese factory activity improved somewhat in June after President Donald Trump agreed to delay imposing higher tariffs on imports from China for 90 days, but overall activity was still con…
China's weak factory activity maintains pressure for more stimulus as tariff risks weigh
China's manufacturing activity shrank for a third straight month in June, though at a slower pace, as increases in new orders, purchasing volumes and supplier delivery times signalled that policy support rolled out since late last year is taking effect.
China's factory activity ticks up but remains below key level
China's factory activity picked up slightly in June. But its key gauge remained below the boom-or-bust line for a third month in a row, as businesses are still concerned about the future of trade talks with the US.
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