Key facts
- China's official manufacturing PMI rose to 50.3 in June, up from 50 in May.
- The broader composite PMI, which includes the services sector, increased to 50.6.
- The rise in manufacturing activity was driven by a rebound in total new orders.
- Production continued to outpace demand, leading factories to remain cautious about hiring.
- The employment gauge in the manufacturing sector slipped to 48.5.
China's manufacturing sector experienced a slight expansion in June, with the official purchasing managers' index (PMI) rising to 50.3 from 50 in May. This uptick was supported by domestic stimulus measures and a perceived easing of trade tensions. The broader composite PMI, which encompasses both manufacturing and services, also saw an increase, reaching 50.6, its highest point this year.