The RatingDog China Manufacturing PMI inched down to 51.7 in June 2026 from 51.8 in the previous month, but remained slightly above forecasts of 51.6. It marked the weakest expansion in factory activity since March, but remained above the long-run survey trend of 50.8 since 2004. Output grew solidly, while new orders rose for the thirteenth consecutive month, matching the joint-longest expansion sequence on record. However, foreign sales fell for the second consecutive month. Meanwhile, employment increased for the first time in three months, with job creation reaching its strongest level since August 2023.