China’s official manufacturing PMI rises slightly in July

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.


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