FX.co ★ China Composite PMI Hits 3-Month High

In June 2025, the Caixin China General Composite PMI climbed to 51.3, up from 49.6 in May, reaching its highest level since March. The data indicates that an upswing in manufacturing production compensated for deceleration in service sector growth. Despite ongoing sluggishness in exports, new business experienced a rebound. However, the workforce continued to experience cuts, causing backlogs to accumulate at the fastest rate seen in a year. On the pricing side, there was a marginal decline in average input costs following two months of increases. Companies transferred these cost savings to customers to stimulate demand, leading to the most significant reduction in average selling prices in over two years. Concurrently, business confidence showed a slight decline.