Reported about 1 year ago
A private index, the Caixin/S&P Global manufacturing PMI, indicated that factory activity among smaller Chinese manufacturers experienced the fastest growth since 2021, driven by overseas orders. The index rose to 51.8 in June, showing a significant increase and surpassing analysts' expectations. While the survey showed strength in smaller, export-oriented firms, it contrasted with the broader official PMI that pointed to a decline in manufacturing activity due to weak domestic demand and trade tensions.
Source: YAHOO