China’s official factory gauge fell more than expected in June, just as the world’s two biggest economies head toward a trade war. The manufacturing purchasing managers index (PMI) stood at 51.5 in June, versus 51.9 in May, and the forecast of 51.6 in a Bloomberg survey of economists. The non-manufacturing PMI, covering services and construction, rose to 55, the statistics bureau said Saturday, compared with 54.9 in May. Levels above 50 indicate improvement.
China’s official factory gauge fell more than expected in June, just as the world’s two biggest economies head toward a trade war. The manufacturing purchasing managers index (PMI) stood at 51.5 in June, versus 51.9 in May, and the forecast of 51.6 in a Bloomberg survey of economists. The non-manufacturing PMI, covering services and construction, rose to 55, the statistics bureau said Saturday, compared with 54.9 in May. Levels above 50 indicate improvement.
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