Abstract On June 23rd, China's June HSBC manufacturing PMI initial value was 50.8, a 7-month high, expected 49.7, the previous value of 49.4. This is also the first time in six months to stand on the line of glory, in which the new order index rose to 51.8, the highest level in 15 months...
June 23 news, China's June HSBC manufacturing PMI initial value of 50.8, a 7-month high, expected 49.7, the previous value of 49.4. This is also the first time in six months to stand on the line, the new order index rose to 51.8, the highest level in 15 months. Qu Hongbin, HSBC China's chief economist and co-head of Asia Pacific for economic research, said HSBC's manufacturing PMI in June rose back to 50.8, the highest since the beginning of this year. The overall economy has improved, and domestic and overseas demand indicators are expanding in this month. Destocking has accelerated, and the job market has also shown signs of stabilization. This month's data further confirms that the economy is starting to pick up under the micro-stimulus policy.
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