Economics
China Factory Outlook Brighter in June as Recovery Continues
- Non-manufacturing gauge picks up to highest since Nov. 2019
- New export orders also improves, though still contracting
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A gauge of China’s manufacturing activity climbed in June, signaling the country’s gradual recovery from the coronavirus slump remains on track.
The official manufacturing purchasing managers’ index rose to 50.9 from 50.6 a month earlier, according to data released by the National Bureau of Statistics on Tuesday. The non-manufacturing gauge rose to 54.4. Readings above 50 indicate improving conditions from the previous month.