AI Data Insight
The MoM growth rate of China's manufacturing PMI turned positive to 0.6% in June 2026, reversing the previous month's -0.5964%, driving the overall PMI back into the expansionary zone and beating market expectations. Benefiting from the recovery in new orders and the strong performance of high-tech manufacturing, the data indicates a marginal improvement in both domestic and external demand. Looking ahead, close attention must be paid to the effectiveness of policy implementation and the impact of external tariff pressures on exports.