China Manufacturing Sector Fades In July – Caixin


Source: businessinsider.com businessinsider.com

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China Manufacturing Sector Fades In July - Caixin (RTTNews) - The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 50.4. That's down from 51.7 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Weighing on the headline index was a softer rise in overall new business in July. Total new orders rose only slightly, following a mild increase in June. While a number of firms mentioned that the ongoing recovery from the latest...