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China's non-manufacturing PMI back to expansion territory in June

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2022-06-30 11:02:57

The purchasing managers" index (PMI) for China"s manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.

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

"As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster pace, China"s overall economic recovery is picking up," NBS senior statistician Zhao Qinghe said.

The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.

Thursday"s data also showed that the PMI for China"s non-manufacturing sector came in at 54.7 in June, up from 47.8 in May.

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