China – Jul Composite Purchasing Managers Index
01/08/2020 07:17 am MYT
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The manufacturing purchasing managers index (PMI) rose to 51.1% in Jul, as output, new orders, inventory of raw materials, and employment recorded higher readings – see table 1.

The seasonally adjusted business activity index of non-manufacturers fell slightly to 54.2% in Jul, but the expectations of business activity rose to 62.2% – see table 2.

Combining both manufacturing and non-manufacturing sectors, the composite purchasing managers index slipped to 54.1% in Jul, down 0.1 percentage points from Jun – see figure 1. While external demand continues to be a drag, domestic demand is recovering steadily, evidenced in the increase in prices.



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