China’s PMI for June slips, exporters face unexpected pandemic induced challenges

In June, the pace of Chinese factory activity expanded at a moderate pace following an increase in prices of raw materials and disruptions in its export province of Guangdong which affected business activity.

China’s official manufacturing Purchasing Manager’s Index (PMI) in June 30, 2021 slipped to 50.9, down from 51 in May, according to data from the National Bureau of Statistics (NBS).

China, where the coronavirus was first reported and which is actively blocking investigations into the source of the global pandemic, has largely recovered from disruptions caused by the COVID-19 disease. However, Chinese manufacturers are struggling to cope with new challenges ranging from higher raw material costs to changes in global supply chains.

An outbreak of COVID-19 infections in Guangdong has also disrupted shipments.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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