The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the National Bureau of Statistics showed on Thursday. A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
China's June factory activity expanded for the first time since February amid the government's effective measures to control the pandemic and implement a package of stimulus policy measures, the National Bureau of Statistics said on Thursday.
The official purchasing managers index for China's manufacturing sector came in at 50.2, compared with 49.6 in May, data from the NBS showed, returning to the expansion territory for the first time since February.
A PMI reading above 50 points to expansion, while one below signals contraction.
Data released on June 30 also showed that the PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May.
China's non-manufacturing PMI was at 54.7, after 47.8 in May. And the country's official composite PMI, which includes both manufacturing and services activity, came in at 54.1 in June, compared with 48.4 in May, according to the NBS.
The new order index for the non-manufacturing sector stood at 53.2 in June, up from 44.1 in May, indicating rising demand in the market.
