International Economic
China Caixin manufacturing PMI deteriorates in July
By Michele Maatouk
Date: Thursday 01 Aug 2024
(Sharecast News) - Activity in China's manufacturing sector deteriorated more than expected in July, according to data released on Thursday.
The Caixin purchasing managers' index fell to 49.8 from 51.8 in June, versus expectations for a reading of 51.5. A reading above 50 indicates expansion, while a reading below signals contraction.
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