China official manufacturing survey flat as slowdown weighs

In this June 1, 2016 photo, a worker adjusts a welding robot at a subsidiary of China Offshore Oil Engineering Co. Ltd. in Qingdao in eastern China's Shandong province. An official survey of Chinese manufacturing release Friday, July 1, 2016, shows that activity was flat in June, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown. (Chinatopix via AP) CHINA OUT (The Associated Press)

In this June 1, 2016 photo, a worker cuts steel for an offshore natural gas platform at a subsidiary of China Offshore Oil Engineering Co. Ltd. in Qingdao in eastern China's Shandong province. An official survey of Chinese manufacturing release Friday, July 1, 2016, shows that activity was flat in June, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown. (Chinatopix via AP) CHINA OUT (The Associated Press)

An official survey of Chinese manufacturing shows that activity was flat last month, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown.

The survey of factory purchasing managers out Friday eased to 50.0 in June from 50.1 the month before.

By coming in at the exact midpoint of the 100-point scale, the latest reading on the Chinese Federation of Logistics & Purchasing's survey indicates that factory activity neither expanded nor contracted from the month before.

A separate private survey released the same day painted a more pessimistic picture of conditions in China's manufacturing sector, which employs many millions of workers.

The Caixin/Markit index slipped to 48.6 last month from 49.2 in May as production shrank at the quickest pace in four months.

https://www.foxnews.com/world/china-official-manufacturing-survey-flat-as-slowdown-weighs