The manufacturing sector in China picked up steam in July, the latest survey from Caixin revealed on Tuesday with a Manufacturing OMI score of 51.1.
That beat forecasts for 50.4, which would have been unchanged from the previous month. It also moves farther above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, both output and new orders rose at the fastest rates for five months, helped by a solid upturn in new export sales.
Inflationary pressures ticked up, with both input prices and output charges rising at faster rates than in June.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.