spot_img
Tabletop IndustryManufacturingChina factory activity expands after 3 month decline

China factory activity expands after 3 month decline

-

Factory activity in China expanded in June for the first time in four months as the country’s manufacturing sector emerged from COVID lockdowns.

China’s National Bureau of Statistics said the manufacturing purchasing managers’ index (PMI) rose in June to 50.2 from 49.6 in May.

A number above 50 in the survey of manufacturers indicates expansion.

The index dipped below 50 in March and hit two-year low of 47.4 in April.

The production sub-index reached 52.8, the highest since March 2021.

Despite the increase, some are worried about soft growth.

“Even though the manufacturing sector continued to recover this month, 49.3% of the companies reported orders were insufficient”

Zhu Hong, senior statistician at NBS speaking with Reuters said, “Even though the manufacturing sector continued to recover this month, 49.3% of the companies reported orders were insufficient.”

“Soft market demand is still the main problem facing the manufacturing industry,” he said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

CMON merges RPG and graphic novel imprints under Guillotine Press brand, promotes Francesco Nepitello

CMON is restructuring their RPG and graphic novel publishing to streamline operations and branding. Guillotine Press, previously CMON's comic-only label,...

Elise Rezendes joins Steamforged Games as Productions Studio Manager

Elise Rezendes, co-founder and COO of Mythic Grove Productions, will join Steamforged Games as Productions Studio Manager. Rezendes is a...

Gabe Hicks joins Steamforged Games as senior designer

Gabe Hicks has been appointed senior game designer at Steamforged Games. He will be developing new products and systems for...

Heat: Pedal to the Metal from Days of Wonder

Days of Wonder, an Asmodee design studio, announced Heat: Pedal to the Metal, a new Formula One racing game...

Christopher Chan and David Masnato take top honors in 2022 Cardboard Edison Award

Capetalism and Roux Mates are the winners of the 2022 Cardboard Edison Award for unpublished board game designs. Capetalism, designed...

Jeff Bergren of The Gaming Goat vows to retire in 2023

Jeff Bergren, the controversial founder of the retail and publishing company The Gaming Goat, has vowed to retire in...

Must read

CMON merges RPG and graphic novel imprints under Guillotine Press brand, promotes Francesco Nepitello

CMON is restructuring their RPG and graphic novel publishing...

Christopher Chan and David Masnato take top honors in 2022 Cardboard Edison Award

Capetalism and Roux Mates are the winners of the...

You might also likeRELATED
Recommended to you