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China's factory activity likely slowed in June on subdued global demand

China's factory activity might have grown for a fourth month in June but the pace could be waning, as global demand stayed subdued while there was a fresh coronavirus outbreak in the Chinese capital

Topics
Coronavirus | Chinese economy | Factory output

Reuters  |  BEIJING 

BEIJING (Reuters) - China's factory activity likely grew for the fourth month June but the pace may be waning, as global demand stayed subdued while a fresh coronavirus outbreak in the Chinese capital and rising worldwide cases threaten to undermine a gradual domestic recovery. The official manufacturing Purchasing Manager's Index (PMI), due for release on Tuesday, is expected to ease to 50.4 in June, from 50.6 in May, according to the median forecast of 29 economists polled by Reuters. A reading above 50 indicates an expansion in activity. With travel bans finally lifted ...

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First Published: Mon, June 29 2020. 12:16 IST
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