Global manufacturing PMI rose slightly in June within contraction range

The global manufacturing purchasing managers' index (PMI) rosed slightly in June to 49.5 percent, up 0.3 percentage points from the previous month, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Sunday.

This marks the second consecutive month that the index has risen slightly in the contraction range, indicating that the momentum of global economic recovery has been picking up, yet still facing downward pressure.

The World Bank's latest Global Economic Prospects report, which was released on June 10, lowered the global economic growth forecast for 2025 to 2.3 percent from 2.7 percent in January.

The downward pressure mainly stems from factors such as the unclear direction of U.S. tariff policy and continued geopolitical conflicts, according to CFLP officials.

"The global manufacturing PMI has been running in the contraction range for four consecutive months, indicating significant challenges to global economic recovery. Countries should stabilize economic growth with approaches such as improving the resilience of the supply chain, increasing technological innovation, and promoting diversified market layout. At the same time, they should continue to firmly promote multilateral trade cooperation and build a stable and sustainable economic growth path," said He Hui, vice president of the CFLP.

In terms of regions, the Asian manufacturing PMI was 50.7 percent in June, up 0.3 percentage points from the previous month, continuing to remain in the expansion range and providing good support for the global economic recovery.

The Americas' index was 48.6 percent in June, up 0.2 percentage points from May, staying below 49 percent for four consecutive months.

In Europe, the index was 48.8 percent in June, up 0.1 percentage points from the previous month, rising slightly for six consecutive months.

The Africa's index was 49.7 percent in June, up 1 percentage point from the previous month, ending two consecutive months of a month-on-month decline.

Global manufacturing PMI rose slightly in June within contraction range

Global manufacturing PMI rose slightly in June within contraction range

Global manufacturing PMI rose slightly in June within contraction range

Global manufacturing PMI rose slightly in June within contraction range

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025