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China June factory activity quickens pace vs previous month - PMI
June 30, 2017 / 1:21 AM / 5 months ago

China June factory activity quickens pace vs previous month - PMI

BEIJING (Reuters) - Activity in China’s manufacturing sector in June quickened from the previous month, an official survey showed on Friday, in a reassuring sign the world’s second-biggest economy kept up a reasonable pace of growth after a solid first quarter.

FILE PHOTO: Employees work inside a beer factory in Shenyang, Liaoning province, October 14, 2013. REUTERS/Stringer/File Photo

The official Purchasing Managers’ Index (PMI) stood at 51.7 in June, compared with the previous month’s 51.2 and above the 50-point mark that separates growth from contraction on a monthly basis.

That was above the 51.0 level predicted in a Reuters survey of analysts.

Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam

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