Global Economic News

China Manufacturing PMI Slips To 49.9 In July

The manufacturing sector in China slid barely into contraction in July, the National Bureau of Statistics said on Monday with a manufacturing PMI score of 49.9.

That was shy of expectations for 50.0, which would have been unchanged from the June reading.

It also fell beneath the boom-or-bust line of 50 that separates expansion from contraction.

The NBS also said the non-manufacturing PMI came in with a score of 53.9 in July, up from 53.7 in the previous month.

by RTTNews Staff Writer

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