6/30, 3:01 AM (Source: TeleTrader)
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China's manufacturing PMI tops estimates in June

China's manufacturing PMI surpassed market estimates in June by slipping 0.1 to 50.9, according to a report published by the China Federation of Logistics and Purchasing (CFLP) on Wednesday.

In the same month, the non-manufacturing PMI declined by 1.7 to better-than-expected 53.5, with the composite PMI falling to 52.9.

Renewed local COVID-19 outbreaks contributed towards PMI declines over the last 30 days, however positive data suggests the health situation was only temporarily affected.

Baha Breaking the News (BBN) / ND