Published：Jun 29, 16:00Last updated：Jul 1, 08:23

China's Manufacturing PMI Rebounds in June

Jun. 29, 2026 16:00

China's manufacturing PMI rose to 50.3% in June, indicating expansion after a contraction in May. Improved demand and production drove the recovery, particularly in high-tech and equipment manufacturing. Small businesses lagged, while large and medium firms showed stronger growth. The data suggests stabilizing economic activity amid global uncertainties.

Summarized

14News

9Media

Jul. 1, 2026 07:40

Russia’s Manufacturing PMI increased to 50.3 in June 2026, indicating a marginal expansion in business activity. Output rose modestly, though new export orders declined. Supply chain disruptions persisted due to Middle East conflicts.

Jul. 1, 2026 08:23

Russian manufacturing output expanded for the second consecutive month in July 2026, marking the fastest growth since January 2025. This recovery signals a potential rebound in the sector after a prolonged downturn. The slight acceleration in growth suggests improving economic conditions.

China's manufacturing sector returned to expansion territory in June, with the Purchasing Managers' Index (PMI) rising to 50.3% after a contraction in May. The recovery was driven by improved production and new orders, particularly in high-tech and equipment manufacturing sectors, while small businesses continued to lag behind larger enterprises. Analysts noted the expansion reflects stabilizing economic activity amid global uncertainties, though growth remains heavily dependent on export demand.China.org+2

🏭 Sector Performance Breakdown

The high-tech manufacturing sector led the expansion with a PMI of 53.5%, followed by equipment manufacturing at 52.5%. Large and medium-sized enterprises showed stronger growth compared to small firms, which remained in contraction at 48.2%. The business expectation index rose by 0.4 points, indicating improved market confidence.CCTV+2

🌐 Export-Driven Recovery

Robust demand for artificial intelligence hardware exports was a key driver of the manufacturing rebound. Analysts from BofA, including Helen Qiao, highlighted resilient supply-side factors but noted persistent weaknesses in domestic consumption and investment. The production and new orders sub-indices both showed marked improvement from May levels.The Independent+2

📈 Comparative Growth Patterns

While manufacturing PMI crossed the expansion threshold at 50.3%, non-manufacturing PMI showed more modest growth at 50.2%. The data suggests structural optimization in China's industrial sector, with technology-intensive industries outperforming traditional manufacturing. However, the recovery remains uneven across different business sizes and sectors.CCTV+2

BofAHelen QiaoChina Manufacturing PMIEquipment manufacturingHigh-tech manufacturing