China Manufacturing Employment Contracts, Demand Disappoints Despite Headline PMIs Beat
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China Manufacturing Employment Contracts, Demand Disappoints Despite Headline PMIs Beat

Tyler Durden

Mon, 06/29/2020 - 21:25

In a sign that China's massive stimulus injections as the nation reopens are working, tonight's PMIs both rose from May and beat expectations.

The government's official Manufacturing PMI rose from 50.6 to 50.9 (beating expectations of 50.5)

The government's official Services PMI rose from 53.6 to 54.4 (beating expectations of 53.6)

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