China Growth Momentum Slows Further Amid Calls for Stimulus

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After a burst of activity in the first quarter, consumer spending is slowing, while the housing rebound has fizzled, exports have weakened and infrastructure investment has been muted. Photo: Bloomberg

(Bloomberg) — China’s economy lost more steam in June as manufacturing activity contracted again and other sectors failed to build momentum, as calls grow for more policy support.

The official manufacturing purchasing managers’ index was 49, barely an improvement from May and still in contraction, National Bureau of Statistics data published Friday showed. The non-manufacturing gauge — which measures activity in construction and services — slipped to 53.2 from 54.5 the prior month, still expanding but at a weaker pace.