China's manufacturing sector expanded in July following the easing of COVID-19 containment measures but the pace of growth softened, survey results from S&P Global showed on Monday.
The Caixin factory Purchasing Managers' Index slipped to 50.4 in July from 51.7 in June. Nonetheless, a score above 50.0 indicates expansion in the sector.
However, the PMI survey data from the National Bureau of Statistics, released over the weekend, showed that the manufacturing sector dropped back into contraction territory in July. The official manufacturing PMI slid to 49.0 from 50.2 in June.
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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.