China's factory activity shrinks for 2nd time in June in warning to economy

Quick Summary:

Meanwhile, the non-manufacturing measure of activity in construction and services fell to 50.5, the statistics office said.

That compares with a forecast of 51, and a May reading of 51.

The continued contraction in the factory sector poses a threat to the country’s economic growth target of around 5% this year.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Chinese economy China's economy China factory activity Manufacturing Activity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 13:36:14 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21421668

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