China's manufacturing PMI nudges higher in June

Source: Marketwatch
© Scanpix/Reuters
The HSBC China's June manufacturing PMI rose marginally to 49.4 from a May figure of 49.2, with a figure below 50 signalling a decrease in manufacturing. The June PMI reading further added to the declining activity in the manufacturing sector, as output fell for the month. China's manufacturing sector has been shedding large number of workers at a fastest rate since 2009. 
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