China factory activity contracts for second straight month
Beijing (AFP) June 30, 2024
Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's shaky economic recovery ahead of a key political gathering expected to focus on deepening reform. The manufacturing purchasing managers' index (PMI) - a key measure of factory output - registered at 49.5 in June, identical to May's figure, according to the National Bureau of
Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's shaky economic recovery ahead of a key political gathering expected to focus on deepening reform. The manufacturing purchasing managers' index (PMI) - a key measure of factory output - registered at 49.5 in June, identical to May's figure, according to the National Bureau of