China's Factory Activity Unexpectedly Shrinks in July
China's factory activity unexpectedly contracted in July, ending a four-month expansion streak and hitting a multi-year low for composite PMI. This decline indicates sagging demand and a slowdown in the country's manufacturing sector.
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China Factory Activity Surprises With First Slump in Five Months
China’s factory activity unexpectedly contracted for the first time in five months, adding to signs of slowing economic momentum.
By Bloomberg News
Read full article →China's factory activity unexpectedly contracts in July, ending 4-month expansion streak
The official manufacturing purchasing managers' index fell to 49.2 in July from 50.3 in June, National Bureau of Statistics data showed Friday.
Read full article →China factories cool, CXMT surges, PLA marks anniversary
China’s factory activity unexpectedly slipped into contraction for the first time in five months, and construction activity fell to its lowest since the pandemic, underscoring a divide in the nation’s economy that complicates efforts to revive growth. The official manufacturing purchasing managers’ index (PMI) dropped to 49.2 in July, missing the 50.1 median estimate in a Bloomberg poll of economists. Construction and services, part of non-manufacturing PMI, tumbled to 49 from 50.2 a month...
By Raymond Ma,Neil Denslow
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