Global Economic News

China Manufacturing Sector Continues To Shrink - HSBC

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.

by RTTNews Staff Writer

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