Chinese Manufacturing Slowed in June
Second quarter sputtering
Chinese manufacturing activity slowed in June, a survey by the China Federation of Logistics and Purchasing, or CFLP, and the National Bureau of Statistics revealed Monday, adding to concerns that the economy may continue to lose momentum in the second quarter.
The headline purchasing managers' index fell to 50.1 in June from 50.8 in May. Although readings above 50 indicate expansion of the sector, the latest score signified a near stagnation in activity.