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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.