China’s purchasing managers’ index (PMI) remained below the expansion point of 50, with the July figure of 49.3 showing the fourth consecutive month of contraction. Despite coming in slightly better than the 49.2 forecast, it highlights the continued need for Beijing policymakers to improve domestic demand.
China’s factory activity falls for fourth month
China’s purchasing managers’ index (PMI) remained below the expansion point of 50, with the July figure of 49.3 showing the fourth consecutive month of contraction. Despite coming in slightly better than the 49.2 forecast, it highlights the continued need for Beijing policymakers to improve domestic demand.