China’s Official PMI Increases To 51.0 In June

China’s official manufacturing purchasing managers’ index (PMI) picked up to 51.0 in June from May’s 50.8, hitting a six-months high, according to data released by China’s National Bureau of Statistics.

The gauge has been climbing for the fourth continuous month, indicating that policy easing has helped stabilize growth, says a Nomura research report.

China’s GDP growth in the second quarter will likely come in above 7.5%, compared with 7.4% in the first quarter, as the government’s stimulus programs take effect, according to a report released by the ANZ Group commenting on the official PMI figure.