China Manufacturing PMI Rises To 50.3 Beating 50.1 Consensus

China’s official manufacturing Purchasing Managers’ Index rose to 50.3 in June 2026, surpassing the consensus estimate of 50.1. The reading compared with 50.0 in May, marking a 0.3‑point improvement and signaling a return to stronger expansion. The index remained above the 50‑point threshold that separates growth from contraction, extending a modest recovery in factory activity since early 2026. Output and new orders contributed most to the gain, while export demand showed a smaller pickup. The June figure stood slightly above the 12‑month average of about 49.9, reflecting steady domestic demand amid ongoing policy support. The yuan held stable after the release as investors awaited upcoming Caixin PMI and inflation data for further signals on China’s industrial momentum. Updated 6/30/26