FOREX TradingCharts.com

Financial News: China Manufacturing PMI Ticks Higher In June -

China Manufacturing PMI Ticks Higher In June - Caixin

06/30/2024 - 21:49:00 (RTTNews)

(RTTNews) - The manufacturing sector in China continued to expand in June, and at a faster pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 51.8.

That's up from 51.7 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturing output expanded at the quickest pace in two years, with firms in the consumer segment once again recording especially sharp output growth in June. This was driven by higher new work inflows, attributed to new product launches and market development efforts by manufacturers. Export orders also continued to rise, though both the rates of new and export order books growth declined from May.

The rise in new work intakes nevertheless led to a fourth successive month of backlog accumulation. Some manufacturers opted to raise their staffing levels, though offset by redundancies and resignations at other firms. Overall, employment was subsequently close to stabilization in June.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Has NZ$699 Million Trade Surplus In June (48 min(s), 11 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$699 million in June, Statistics N ...Full Story»

New Zealand Trade Data Due On Monday (01 hr(s), 37 min(s), 11 sec(s) ago)
(RTTNews) - New Zealand will on Monday release June figures for imports, exports and trade balance ...Full Story»

Malaysia Economy Expands At Fastest Pace Since Late 2022 (10 hr(s), 46 min(s), 11 sec(s) ago)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story»

Eurozone Inflation Expectations Remain Unchanged (11 hr(s), 14 min(s), 11 sec(s) ago)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story»

Philly Fed Index Jumps Much More Than Expected In July (11 hr(s), 49 min(s), 11 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Philly Fed Index Indicates More Widespread Growth In July (11 hr(s), 49 min(s), 11 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Italy Current Account Surplus Rises In May (12 hr(s), 43 min(s), 11 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

UK Government Borrowings Overshoot Estimate (13 hr(s), 14 min(s), 11 sec(s) ago)
(RTTNews) - The bigger-than-expected UK public sector net borrowing in June highlights the challen ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Has NZ$699 Million Trade Surplus In June

07/21/2024 - 18:52 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$699 million in June, Statistics N ...Full Story>>

New Zealand Trade Data Due On Monday

07/21/2024 - 18:03 PM (RTTNews)
(RTTNews) - New Zealand will on Monday release June figures for imports, exports and trade balance ...Full Story>>

Malaysia Economy Expands At Fastest Pace Since Late 2022

07/19/2024 - 08:54 AM (RTTNews)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story>>

Eurozone Inflation Expectations Remain Unchanged

07/19/2024 - 08:26 AM (RTTNews)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story>>

Philly Fed Index Indicates More Widespread Growth In July

07/19/2024 - 07:51 AM (RTTNews)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.