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China's manufacturing growth weakens

ArgusFX

China's manufacturing sector growth, for the month of June, diminished, thus increasing the expectations that the nation will be adding more stimulus, at some point soon, to boost the economy, an official survey reported today.

All measures weakened while output reached its 12-month high level. Inventories and export orders dropped.

China's service sector shows progress

Furthermore, another survey highlighted that the nation's service sector bettered in June, indicating that there is some progress in place.

Moreover, in the scenario where manufacturing resumes to decline, it is highly unlikely that the services will get stronger to boost growth. The economists await the government and the central bank to increase spending and policy easing.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-manufacturing-growth-weakens
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