China Lockdowns Impacted on 38% of Companies in June, Compared with 49% a Month Earlier


 
The June Sales Managers Index continues to illustrate the heavy toll being taken on the Chinese economy by continuing Government attempts at preventing the spread of Covid.


Life is gradually returning to many areas, but the impact, even in areas not locked down, has been severe, and continues to cause difficulties for many companies.

Manufacturing has been particularly badly affected with factories unable to operate entirely closed off from supply chains. The Manufacturing Market Growth Index came in close to a 25 month low in June, with a reading of 46.4.
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