BEIJING: China’s manufacturing business activity retreated slightly in July from the previous month, official data showed on Saturday.
The manufacturing purchasing managers’ index (PMI), a key measure of factory activity in China, posted at 50.0 in July, down from 50.2 in June, according to data compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
The production sub-index posted at 52.4 last month, down from 52.9 in June.
The sub-index for new orders came at 49.9 in July, down 0.2 percentage points compared to June, indicating grim challenges in demand.
