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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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i Capital will pause its publication for one week in the week beginning 8 Apr. However, www.icapital.biz will be updated as usual. Apart from the public holidays, the operating hours of our Kuala Lumpur office will be as usual. Volume 35, number 32 of i Capital will henceforth be dated 18-24 Apr 2024.

Some people have accused i Capital and Tan Teng Boo of being pro-China and they are very uncomfortable with it. Well, according to a recent survey conducted by an independent think-tank in Singapore, for the first time since the survey was conducted, there are more people in ASEAN favouring China over the US – see this week’s write-up on Hong Kong for more. The shift in sentiment is not surprising given the US brazen hypocrisy, fondness of playing moral police, and forcing her views and values on others. In the past, small countries had to endure US bullying silently. Now, the rise of China has provided ASEAN and developing countries in general the courage to voice their dissatisfactions with the US. In the end, the truth always prevails.
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