China June Official PMI Falls to 52.1 vs 53.9 in May-Shanghai Metals Market

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China June Official PMI Falls to 52.1 vs 53.9 in May

Data Analysis 09:34:00AM Jul 01, 2010 Source:SMM

BEIJING, July 1-- China's official purchasing managers' index (PMI) fell to 52.1 in June from 53.9 in May, the China Federation of Logistics and Purchasing (CFLP) said on Thursday.

The federation compiles the index on behalf of the National Bureau of Statistics.

The reading was weaker than the median forecast of 53.1 in a Reuters poll of 10 economists.

It was the 16th straight month that the official PMI stood above the threshold of 50 that demarcates expansion from contraction.

The index hit a record low of 38.8 in November 2008 and was last below 50 in February 2009.

 

China June Official PMI Falls to 52.1 vs 53.9 in May

Data Analysis 09:34:00AM Jul 01, 2010 Source:SMM

BEIJING, July 1-- China's official purchasing managers' index (PMI) fell to 52.1 in June from 53.9 in May, the China Federation of Logistics and Purchasing (CFLP) said on Thursday.

The federation compiles the index on behalf of the National Bureau of Statistics.

The reading was weaker than the median forecast of 53.1 in a Reuters poll of 10 economists.

It was the 16th straight month that the official PMI stood above the threshold of 50 that demarcates expansion from contraction.

The index hit a record low of 38.8 in November 2008 and was last below 50 in February 2009.