RatingDog PMI caps China's strongest quarter for manufacturing since 2020

AI summary

<p class="font-claude-response-body break-words whitespace-normal">A 51.7 reading, even easing slightly from May, still confirms China's strongest manufacturing quarter since Q4 2020, a constructive signal for risk sentiment tied to Chinese growth even as the headline print itself eased to a three-month low. The combination of slowing input cost inflation and accelerating job creation is a favourable mix for margins and should support the read-through to broader China demand indicators, though the continued fall in new export orders, now a second straight month, flags external demand as the weaker leg of the recovery. Softening 12-month sentiment to its lowest since January is worth flagging for anyone using this print to extrapolate momentum into the second half, since it suggests manufacturers themselves see the current pace as harder to sustain. </p><p class="font-claude-response-body break-words whitespace-normal">Rating Dog Manufacturing PMI, June 2026: 51.7 </p><ul><li>expected 51.6, prior 51.8</li></ul><p class="font-claude-response-body break-words whitespace-normal">--- China's RatingDog manufacturing PMI eased to 51.7 in June but capped the strongest quarter for the sector since 2020, with input inflation cooling and hiring accelerating.</p><p class="font-claude-response-body break-words whitespace-normal">Yesterday, official, National Bureau of Statistics (NBS) data:</p><ul><li><a class="article-link" href="https://investinglive.com/news/china-factory-pmi-beats-for