China's manufacturing PMI shrinks to 49.4 in July - Breaking The News

China's manufacturing PMI shrinks to 49.4 in July

31 July

1 min read

EPA-EFE/CLEMENS BILAN

China's National Bureau of Statistics (NBS) Purchasing Manager's Index (PMI) for manufacturing landed in the contractionary territory in July, according to a report released on Wednesday by the China Federation of Logistics and Purchasing (CFLP).

The data, compiled by the NBS, showed the headline figure at 49.4, below the neutral 50, which marks an overall production decline in the sector, with the figure decreasing further compared to last month's 49.5.

The official non-manufacturing PMI for the month stood at 50.2.

data pmi

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