Added on : 2018-06-30 17:44:01
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.