Perspective of June PMI data

On 30th, the National Bureau of Statistics' Service Industry Investigation Center and China Logistics and Purchasing Association released data showing that June's Manufacturing PMI, Non-manufacturing Business Activity Index, and Comprehensive PMI Output Index were 49.7%, 50.5%, and 50.7% respectively, rising by 0.2, 0.2, and 0.3 percentage points from the previous month. The economic landscape remained broadly expansionary, with manufacturing market demand and supply expanding.