On Sunday, the purchasing managers’ index (PMI) for China’s manufacturing sector arrived at 49.4 in June, the same as that seen in May, the National Bureau of Statistics (NBS) reported.
Markets had predicted a reading of 49.5 in the reported month.
Meanwhile, the Chinese NBS Non-Manufacturing PMI for June arrived at 54.2 vs. 54.5 expected and 54.3 prior.
According to the latest poll of 20 economists, the official Manufacturing Purchasing Manager’s Index (PMI) for June was seen higher at 49.5 from May’s reading of 49.4.
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