China's manufacturing activity expands for 11th month


The bureau also said that its non-manufacturing PMI came in with a score of 54.9, up from 54.5 in the previous month.

China's manufacturing activity accelerated more than expected in June, suggesting the world's second-largest economy continues to confound expectations for a slowdown.

The new orders subindex for the entire sector also rose to 51.4 from 50.9. The sub-index for employment dipped to 49.0 from 49.4.

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In the services sector, the official services PMI for June rose to 54.9 from May's 54.5.

The manufacturing sector in China continued to expand in June, and at a faster pace, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 51.7.

Thanks to robust online consumption, the sub-indices for the express mail services and Internet and software information technology services jumped to 72.2 and 61.8 respectively, well above the boom-bust line of 50.

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China's central bank will hold off on further monetary policy tightening and could even slightly loosen its grip in coming months as a deleveraging drive threatens economic growth and job creation, policy insiders said.

Capital Economics' Evans-Pritchard believes the current resilience of growth will prove temporary.

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