The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.A reading above 50 indicates expansion, while a reading below 50 reflects contraction."As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster pace, China's overall economic recovery is picking up," NBS senior statistician Zhao Qinghe said.The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.Thursday's data also showed that the PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May. The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.A reading above 50 indicates expansion, while a reading below 50 reflects contraction."As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster pace, China's overall economic recovery is picking up," NBS senior statistician Zhao Qinghe said.The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.Thursday's data also showed that the PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May.
