China PMIs Beat Market Expectation In June

China's June 2026 PMI data outperformed market expectations, indicating sustained industrial strength and a stabilization in the services sector. Consequently, Q2 GDP growth is expected to remain above 4.5% year-on-year.

Key Takeaways

• 1.Manufacturing and non-manufacturing PMIs exceeded market expectations in June 2026, signaling sustained economic momentum.
• 2.China's GDP growth for Q2 2026 is projected to remain above 4.5% year-on-year.
• 3.Input and output cost pressures eased significantly in June, aided by a 20% decline in Brent oil prices.

Table of Contents

• Greater China Insight
• Sub-indices

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