China’s non-manufacturing sector continues to expand while its manufacturing index falls slightly in July
The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49 in July, down from 50.2 in June, data from the National Bureau of Statistics (NBS) showed Sunday. The non-manufacturing business activity index was 53.8 and the composite PMI output index was 52.5 in July, remaining in expansion territory for two consecutive months. On the whole, the foundation of economic recovery needs to be stabilized, the NBS said. July is the traditional low production season. The lack of market demand release, the lowered boom of high energy consumption industry and other factors dragged down PMI in July, NBS
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