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<Econ>Caixin CN Jun Mfg PMI Hikes to 50.4, Beating Forecast
The positive impact of the downgraded US-China tariff war transmitted to both supply and demand sides, with the prosperity of the manufacturing sector expanding again in June after...
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<Econ>Caixin CN Jun Mfg PMI Hikes to 50.4, Beating Forecast
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The positive impact of the downgraded US-China tariff war transmitted to both supply and demand sides, with the prosperity of the manufacturing sector expanding again in June after a temporary contraction last month.

As announced by Caixin.com, China Manufacturing Purchasing Managers' Index (PMI) for June rose to 50.4, beating market consensus of 49.1, up 2.1 ppts from May, returning above the tipping point.

Related NewsCaixin Manufacturing PMI for Jun in China is 50.4, higher than the previous value of 48.3. The forecast was 49.
Both supply and demand saw varying degrees of recovery in June, according to Caixin China Manufacturing PMI breakdown data. The new orders index rebounded to slightly above the tipping point level, with the new export orders index ending its 2-month decline and significantly rebounding in the contraction range.

The production index also returned to the expansion range, hitting a nearly 7-month high. However, it was only the intermediate goods category that saw a return to growth in demand and the largest increase in output among the three major categories of goods.

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