China's July Manufacturing PMI Falls to 50.9 as Export-Oriented Firms Lose Momentum
Updated
Updated · Bloomberg · Aug 3
China's July Manufacturing PMI Falls to 50.9 as Export-Oriented Firms Lose Momentum
2 articles · Updated · Bloomberg · Aug 3
Summary
RatingDog’s China manufacturing PMI fell to 50.9 in July from 51.7 in June, signaling slower factory activity while remaining above the 50 mark that indicates expansion.
The reading missed the median economist forecast of 52 and pointed to weakening conditions for export-oriented manufacturers as the broader economy softened.
An official gauge showed a similar slowdown, reinforcing signs that China’s manufacturing sector lost momentum in July rather than rebounding.