IN BRIEF (Page 6)

Caixin PMI slumps to 48.6

The Caixin China Manufacturing Purchasing Managers Index, an indicator of factory activity based on a private survey, dropped to 48.6 in June from 49.2 in May. The reading, released on Friday after research by financial information service provider Markit sponsored by Caixin Media, is below the neutral 50-point level, signaling a marginal deterioration in the manufacturing sector. A reading above 50 indicates expansion.

Logistics sector gains momentum