The manufacturing sector in China continued to contract in June, albeit at a slower pace, HSBC Bank said on Tuesday with a preliminary PMI score of 49.6.
That marked a three-month high for the index, and it also topped expectations for a score of 49.4 and was up from 49.2.
It also remained barely beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, the manufacturing output index hit a two-month high of 50.0.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.