China manufacturing PMI hits strongest quarter since 2020 as RatingDog index shows resilient factory growth despite fragile wider economy
China’s manufacturing section recorded its strongest quarterly performance since late 2020, although growth eases marginally in June, indicating that factory activity remains resilient even as broader economic conditions remain fragile. The RatingDog China Manufacturing Purchasing Managers’ Index (PMI) edged down to 51.7 in June to 51.8 in May. While the reading fell short of market…
