Chinese manufacturing slumped in June, according to HSBC Bank. The country’s PMI, a barometer of confidence in manufacturing activities, dipped to 48.1 this month down from 48.4 in May amidst sagging exports and weak domestic demand. A PMI above 50 signals expansion in manufacturing activity whereas a reading below 50 is a sign of contraction.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=157405