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External broker reports(aggregated public sources)

Macroeconomics

<ul>
<li>China’s PMIs for June point to some stabilisation in manufacturing, and a loss of momentum in services, as the reopening rebound fades.</li>
<li>Regarding manufacturing, the official PMI published last Friday picked up a bit, to 49.0 (May: 48.8, consensus: 49.0), but remained below the neutral 50 mark separating expansion from contraction.</li>
<li>Last Monday, Caixin’s manufacturing PMI came in a bit lower at 50.5 (May: 50.9), but remained above the neutral mark, and this outcome was somewhat better than expected (consensus: 50.0).</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


China’s PMIs for June point to some stabilisation in manufacturing, and a loss of momentum in services, as the reopening rebound fades.
Regarding manufacturing, the official PMI published last Friday picked up a bit, to 49.0 (May: 48.8, consensus: 49.0), but remained below the neutral 50 mark separating expansion from contraction.
Last Monday, Caixin’s manufacturing PMI came in a bit lower at 50.5 (May: 50.9), but remained above the neutral mark, and this outcome was somewhat better than expected (consensus: 50.0).

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China - June PMIs point to slowdown in services