Mumbai, July 1 -- China's manufacturing sector remained on a steady growth path in June, delivering its strongest quarterly performance since the fourth quarter of 2020.
The seasonally adjusted RatingDog China General Manufacturing Purchasing Managers' Index (PMI) eased slightly to 51.7 in June from 51.8 in May but remained above the 50.0 growth threshold. The reading also stayed above the long-run average of 50.8 since 2004, while the second-quarter average reached 51.9, the highest since the fourth quarter of 2020.
New orders continued to increase, supporting further growth in manufacturing output, with second-quarter production recording its strongest expansion since the second quarter of 2024. Export orders declined only marginally, w...