The manufacturing sector in China contracted for the 16th straight month in June, the latest survey from Caixin revealed on Friday with a manufacturing PMI score of 48.6.
That was well shy of forecasts for 49.2, which would have been unchanged from the May reading.
It also moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders contracted at a faster pace, while there was further solid reduction in staff numbers.
There also was a renewed fall in average input costs.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.