China’s manufacturing sector surge speeds down in June

China’s manufacturing sector surge speeds down in June

In June, surge in China's manufacturing sector speeded down a bit due to the fact that the country’s companies faced soaring input costs as well as a dive in export orders in the face of a worsening trade clash with America, according to a private poll on Monday.

As a matter of fact, in June, the Caixin/Markit Manufacturing Purchasing Managers' index inched down to 51.0 versus May’s reading of 51.1, which is quite in line with experts’ estimates.

It had been staying above the 50-point threshold separating surge from contraction for up to 13 months.

In June, a sub-index for output tacked on to 52.1, which is a four-month maximum, although new order surge speeded down and businesses made up their mind to sell down their existing inventories instead of having them restocked.

The poll disclosed that fresh export orders had been shrinking for the third straight month, demonstrating the greatest tumble for two years, although there wasn’t a considerable slump for the last two months.

This Asian country faces worsening trade tensions with America, which is its number one export market. It undoubtedly contributed to uncertainty regarding the manufacturing sector when domestic demand speeds down.

May’s economic data demonstrated that the Chinese economy is finally speeding down, with weaker credit surge as well as a tighter liquidity environment affecting investment in local government building projects that have assisted in spurring the industrial sector.

This week China and America are set to put fresh duties on each other's imports. Moreover, both sides threaten to proceed with rolling out new measures if the other opponent refuses to back down.

Market participants have punished China’s equities as well as the Yuan since the trade clashes grew for the last month. The Chinese Yuan took a battering versus the evergreen buck in June.



Markets Assess US-China meeting
Markets Assess US-China meeting

Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.

What will move the market on November 8-12?
What will move the market on November 8-12?

The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.

Latest news

US PCE May Soar Soon
US PCE May Soar Soon

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera