China’s Caixin Manufacturing PMI rises to 51.8 in June vs. 51.2 expected

China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) unexpectedly rose to 51.8 in June, against the 51.7 reading in May, according to the latest data released on Monday.

The data beat the market forecast of 51.2 in the reported month.

Data released by China’s National Bureau of Statistics (NBS) showed Sunday that the official Manufacturing Purchasing Managers’ Index (PMI) held steady at 49.5 in June, as expected. The Non-Manufacturing PMI dipped to 50.5 in the same period vs. May’s 51.0 and the estimated 51.0 figure.