Decline in China factory activity extends into a fourth month

China's mill enactment contracted for a 4th consecutive period successful July, portion non-manufacturing enactment slowed to its weakest this twelvemonth arsenic the world's second-largest system struggles to revive maturation momentum successful the aftermath of brushed planetary demand.

The authoritative manufacturing purchasing managers' scale came successful astatine 49.3 successful June — compared with 49.0 successful June, 48.8 successful May and 49.2 successful April — according to data from the National Bureau of Statistics released connected Monday. July's speechmaking was somewhat amended than the 49.2 median forecast successful a Reuters poll.

Monday's figures besides showed China posting its weakest authoritative non-manufacturing PMI speechmaking this year, coming successful astatine 51.5 successful July — compared with 53.2 successful June, 54.5 successful May and 56.4 successful April. This was a 4th consecutive monthly decline.

A PMI speechmaking supra 50 points to an enlargement successful activity, portion a speechmaking beneath that level suggests a contraction.

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