China's manufacturing activity maintained solid momentum in June, rounding off the sector's strongest quarter since late 2020, a private survey showed on Wednesday, underlining sustained growth in new orders and a marked easing of cost pressures.
The RatingDog China General Manufacturing Purchasing Managers' Index — which gauges operating conditions in the sector — came in at 51.7 in June, edging down from 51.8 in May but remaining firmly above the 50-mark that separates expansion from contraction for a seventh consecutive month, the survey showed.
Analysts said the S&P Global-compiled reading, alongside official PMI data released earlier this week, signaled that China's factory activity remained on a firm recovery footing, further underscoring the economy's robust growth momentum.
"The manufacturing sector maintained steady expansion in June," said Yao Yu, founder of RatingDog, citing sustained growth in new orders and a notable easing of cost pressures as key factors behind the solid performance.
The survey showed that new orders received by Chinese manufacturers rose for the 13th consecutive month in June, providing continued support for further production expansion.
