The National Bureau of Statistics reported the manufacturing index edged up from May’s neutral 50.0 reading, crossing the critical threshold that separates growth from contraction. This modest gain was bolstered by sustained export performance, as international appetite for high-tech and sustainable goods provided a necessary cushion against broader volatility.
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China’s Manufacturing Sector Returns to Growth in June
China’s manufacturing sector tipped back into expansion this month as robust global demand for artificial intelligence components and green technology offset domestic headwinds. The official purchasing managers index climbed to 50.3 in June, narrowly exceeding economist forecasts and signaling a fragile recovery for the world’s second-largest economy.
While manufacturing showed renewed momentum, the broader economic picture remains mixed. The nonmanufacturing PMI, which aggregates performance in services and construction, ticked up to 50.2 from 50.1. Within that sector, services improved slightly to 50.4. However, the construction subindex languished at 49.0, reflecting the persistent drag from a multi-year property sector slump that continues to restrain national growth figures.
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