China's manufacturing activity deteriorated again in July and at a steeper pace than estimated earlier, detailed result of a survey published by Markit Economics showed Wednesday.
The Markit/HSBC purchasing managers' index was at 49.3 in July, below 49.5 recorded in the flash survey result. This was, however, better than June's reading of 48.2.
An index reading above 50 indicates expansion of the sector, while a reading below 50 suggests contraction.
Production in the factory sector increased for a first time in five months in July and the pace of decline in new orders also eased.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.