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7/1, 4:02 AM (Source: TeleTrader)
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China's manufacturing activity rises in June

China's National Bureau of Statistics (NBS) Purchasing Manager's Index (PMI) for manufacturing landed in the expansionary territory in June, increasing to 51.7, according to a report released by the China Federation of Logistics and Purchasing (CFLP) on Friday.

The data, compiled by the NBS, showed the headline figure above the neutral 50, improving compared to last month's 48.1 to land above estimates and mark an overall growth in the sector.

"Overall, Covid lockdowns and other restrictions eased in June, facilitating a gradual recovery in manufacturers' operations," Senior Economist at Caixin Insight Group Dr. Wang Zhe said.

Baha Breaking News (BBN) / NL