The manufacturing sector in China continued to expand in June, and at a faster rate, the latest survey from Caixin showed on Wednesday with a manufacturing PMI core of 51.2.
That’s up from 50.7 in May and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, total new work increased for the first time since January, although external demand remained subdued.
Employment meanwhile remained on a downward trend in June, with staffing levels falling for the sixth month running. Firms often commented on the non-replacement of voluntary leavers and planned redundancies.
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