Dow Jones Newswires: China’s official manufacturing PMI rises slightly in July


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The official gauge of China’s manufacturing activity improved slightly in July but remained in contraction for the fourth straight month, pointing to continued weakness in the world’s second-largest economy.

China’s official manufacturing purchasing managers’ index rose to 49.3 in July from 49.0 in June, the National Bureau of Statistics said Monday. A reading above 50 indicates an expansion in activity while a reading below it indicates a contraction.

The result was above the forecast of 49.0 by a Wall Street Journal poll of economists.

China’s nonmanufacturing PMI, which covers both service sector and construction activity, fell to 51.5 in July from 53.2 in June, the statistics bureau said.

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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