manufacturing plant during daytime

China’s manufacturing sector expanded at its fastest pace in 13 months in June following the end of the lockdown measures

The survey, conducted by Markit in collaboration with Caixin, showed that China’s manufacturing Purchasing Managers’ Index rose the most in 13 months in June, reflecting a strong rebound in production. China announced the lifting of closure measures that allow industrial firms to accelerate production to meet rising demand.

The manufacturing PMI was 51.7 in June, up from 48.1 in May, with an index above 50 indicating manufacturing expansion in China.

Caixin’s data correspond with Tuesday’s data from China’s National Bureau of Statistics (NBS), which showed that the manufacturing PMI rose to 50.2 in June from 49.6 in May.

The Shanghai Municipal Government announced the lifting of the lockdown measures from June 1. This will allow cars, including cabs, to drive on the streets and most people to leave their homes after the city of Shanghai, home to 25 million people, was previously locked down for two months.

NBS said, “Controlling the spread of COVID-19 with progress including various policies and measures to maintain stability are enforced faster. This is a factor that makes the Chinese economy continue to recover.”

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