Export drives June factory activity unexpectedly to expand

By Soren Cocozza

The private survey conducted by The Caixin/S&P indicated that China’s factory activity unexpectedly expanded among export-oriented manufacturers in June, showing some signs of recovery.

The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) came in at 50.4, beating estimate of 49.0 and rebounding from 48.3 in May, which had been its worst contraction since September 2022.

Both manufacturing supply and demand returned to growth in June, according to Caixin, with output expanding at the fastest pace since November.

The survey showed that the rebound in Caixin PMI was mostly driven by exports, as businesses received more export orders after the tariff truce, which further pushed up their production.

Despite increasingly growing calls from the western for Beijing to curb its supply overcapacity, manufacturing still accounted for around 26% of China’s GDP in Q1.

Subscribe to Unlock this Article

Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.

Glebors Financial Become an Glebors subscriber

Make informed decisions with the Glebors.Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.

Financial reports are independent global financial research reports that you can trust. The information keeps pace with important companies around the world, global financial and political dynamics, independent insights and unique perspectives, helping you catch up with the latest information and identify the potential risks and opportunities.
Our financial special reports use professional knowledge to fully understand the market situation, break down the perspectives of experts, and rationally analyze data to help you eliminate noise, accurately identify the changes in political, economic and social trends, and fully aware of the risks and grasp the opportunities.
Our goal is to help shape the uniqueness of each research space we are involved in. Our research provides readers with new insights in terms of the global economy, financial markets, asset classes and risk management. We will continue to present new insights into global markets and industries.

"Insight of the global economy, dig into more ideas, analyze the global financial dynamics and the risks of political situation from a strategic, scientific and rational perspective, based on economic data and more than 20 years of financial intelligence."

Financial Reports

If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. Glebors Global Finance aims to provide business elites and decision makers with daily business news, data interpretation, in-depth analysis and commentary.

Glebors Global Finance’s amount of financial information digs into deeply major events and economic data that have a huge impact on the global economy, based on in-depth industrial research and special reports, with a truly global perspective。 Financial reports have become "must-read" financial information for senior managers. Gribs Global Finance currently has more than2.85 million Chinese readers and more than 3.5 million overseas readers, including more than 600,000 high-end member readers.

Member Readers

High-end Member Readers

Member Readers