In June, the Caixin China Manufacturing PMI sub-index had mixed ups and downs. Among them, the production index and the new orders index all returned from the contraction range to above the boom and bust line. The former recorded seven-month highs, while the new export orders index, employment index, and raw material purchase price index all rose in the contraction range. Despite improvements in production and demand, uncertainty has made enterprises relatively cautious about increasing procurement. The purchasing volume index fell to a nine-month low in the contraction range. Coupled with the acceleration of production, the raw material inventory index fell from the expansion range to the boom and bust line, enterprises used more inventory to deliver orders, and the finished product inventory index fell to the contraction range.

In June, the Caixin China Manufacturing PMI sub-index had mixed ups and downs. Among them, the production index and the new orders index all returned from the contraction range to above the boom and bust line. The former recorded seven-month highs, while the new export orders index, employment index, and raw material purchase price index all rose in the contraction range. Despite improvements in production and demand, uncertainty has made enterprises relatively cautious about increasing procurement. The purchasing volume index fell to a nine-month low in the contraction range. Coupled with the acceleration of production, the raw material inventory index fell from the expansion range to the boom and bust line, enterprises used more inventory to deliver orders, and the finished product inventory index fell to the contraction range.