China June official PMI slips to 50.1, adds to growth worries

China’s official purchasing managers’ index (PMI) slipped to 50.1 in June from 50.8 in May, a survey showed on Monday, reinforcing worries about tepid growth in the second quarter.

The PMI reading, published by the National Bureau of Statistics, was slightly stronger than market expectations of 50.0 in a Reuters poll.

A reading above 50 indicates expanding activity while a reading below that level points to a contraction.

via Business feed http://www.scmp.com/business/economy/article/1272936/china-june-official-pmi-slips-501-adds-growth-worries