China: Caixin Manufacturing PMI continues to expand in June at 50.5 from 50.9

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Banca March : In China this morning, manufacturing business confidence falls less than expected. Caixin’s manufacturing PMI index, which is more biased towards smaller companies, came in at 50.5 in June from 50.9 previously, but above the 50 expected. With this figure, business confidence remains in line with the expansion of activity in the sector, a far cry from the weakness shown by these indicators in other major world economies.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.