China PMIs keep fading

Friday, 30 June 2023

China PMIs from the NBS:

In June , the Manufacturing Purchasing Managers Index ( PMI ) was 49.0% , up 0.2 percentage points from the previous month, indicating that the level of manufacturing prosperity has improved.

The new orders index was 48.6 percent , an increase of 0.3 percentage points from the previous month, indicating that the manufacturing market demand boom has improved.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.