China PMI just above 50.00

FXstreet.com (Barcelona) - The Chinese PMI read for June came at 50.1 vs 50.8 prior and 50.00 expected. Several factors, including decrease in domestic and external demand were to blame for the decline.

As a reminder, the 50 threshold indicates expanding activity in the manufacturing sector, while below suggests contraction. The last time a contraction was seen was back in September 2012.