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China’s PMI manufacturing ticked up to 49.3, but marked 4th month of contraction

China’s PMI manufacturing ticked up to 49.3, but marked 4th month of contraction
China’s official Manufacturing PMI rose from 49.0 in June to 49.3 in July, slightly above anticipated 49.2. However, it marked the fourth consecutive month that this indicator remained below the 50-point mark separating expansion from contraction on a monthly basis. Zhao Qinghe, a senior NBS official, indicated that while there was a slight rebound, many […] The post China’s PMI manufacturing ticked up to 49.3, but marked 4th month of contraction appeared first on Action Forex... Read More
Posted: Jul 31 2023, 04:24
Author Name: actionforex
Views: 110621

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