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Weak China manufacturing data adds to pressure on economy

Index of factory activity shows third consecutive month of slowdown

Manufacturing activity has contracted in China for the third consecutive month, adding to pressure on Beijing’s policymakers to tackle a slowdown across the world’s second-largest economy.

The official manufacturing purchasing managers’ index was 49 in June, slightly up from 48.8 in May, but still showing a month-on-month contraction in activity.

While China’s economy is growing compared with last year, when the government’s three-year crusade against Covid-19 reached its most intense period before being abruptly abandoned, the pace of its recovery has lost steam in recent months.

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