China June official PMI hits 7-month low
BEIJING (Reuters) – China’s factory downturn worsened in June as a key activity index hit a seven-month low, data expected to raise expectations the central bank may seek more policy easing to revive the world’s second-largest economy. The official Chinese purchasing managers’ index (PMI) fell to 50. 2 in June after seasonal adjustments, the National Bureau of Statistics said on Sunday, above forecasts for 49. 8, but down from May’s 50. 4. That was the worse reading since November last year, and a sharp fall in export orders and shrinking new orders suggested a recovery is not in sight. . . .
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