Beijing: China’s official factory gauge rose, adding to evidence that the world’s second-largest economy maintained its momentum in the second quarter. The manufacturing purchasing managers index increased to 51.7 in June, compared with a median estimate of 51 in a Bloomberg survey of economists and 51.2 in May. The non-manufacturing PMI rose to 54.9 compared to 54.5 a month earlier. Numbers higher than 50 indicate expansionary conditions; below 50 signals contraction. More From Livemint »Economic activity this year has proven more robust than expected, giving policy makers room to focus on reining in financial risks and cooling a frothy property sector.

Source: Mint June 30, 2017 04:52 UTC