China's factory activity shrank more than expected in June, an official sur...
An employee measures a newly manufactured ball mill machine at a factory in Nantong, Jiangsu province, China June 28, 2019. Picture taken through a ball mill machine June 28, 2019. REUTERS/Stringer
BEIJING - China’s factory activity shrank more than expected in June, an official survey showed on Sunday, highlighting the need for more economic stimulus as the United States ramps up trade pressure. The official Purchasing Managers’ Index was at 49.4 in June, unchanged from May, the survey from the statistics bureau showed. The 50-point mark separates expansion from contraction on a monthly basis.
Analysts surveyed by Reuters had forecast the PMI would remain in contraction territory, edging up only marginally to 49.5 and pointing to persistent downward pressure on the economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's June factory activity shrinks faster than expected: official PMIChina's factory activity shrank more than expected in June, an official sur...
Read more »
China's service sector activity grows at slower pace in June: PMIGrowth in China's services sector activity held firm in June, an official s...
Read more »
The Best Comic Book Covers of June 2019You’d think June’s covers would evoke a summer vibe, but only Greg Smallwood’s psychedelically aflame Darth Vader: Dark Visions and Becca Carey’s distorted Buffy the Vampire Slayer really bring to mind the onset of the season—although a case could be made for Rahzzah’s day-glo X-Tremists piece looking like cover art for a pop band’s summer hit.
Read more »
The 10 Most Popular Recipes in JuneStrawberry-studded cakes, spicy-glazy summer squash, and more recipes featuring produce at their prime.
Read more »
This Week in Timothée Chalamet, Week of June 28Timmy goes to a baseball game!
Read more »