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China official June manufacturing PMI 50.0 vs 50.1 in May
Chinese factories, once lauded as the country's primary growth driver, saw activity tick down in June, according to official data. The official manufacturing Purchasing Managers' Index (PMI), a survey that tracks the health of large and state-owned companies, came in at 50.0 for last month, versus 50.1 logged in May and April. June's report was in line with Reuters' estimates for a 50.0 reading, which marked a four-month low. From March-May, the survey logged results above the key 50 level, which separates expansionary and contractionary territory. In the seven months before March, the survey remained stuck below 50. ... (full story)