On July , the China Manufacturing Purchasing Managers' Index for July showed that activity was slipping, pointing to continued sluggishness in the country. According to the Caixin China Purchasing Managers' , the index slipped to above 50 in July , down from 50.2 in June . A PMI reading 47.8 indicates an expansion in manufacturing activity, while a reading below points to a contraction. Additionally, the Caixin China Purchasing Managers' Index ( PMI ) for July came in at 47.8 , lower than the preliminary reading of 48.2 , marking a Saturday low.
On Saturday, the China Manufacturing Purchasing Managers' Index for July showed that activity was slipping, pointing to continued sluggishness in the country. According to the National Bureau of Statistics, the index slipped to 50.0 in July, down from 50.2 in June. A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below points to a contraction. Additionally, the Caixin China Purchasing Managers' Index (PMI) for July came in at 47.8, lower than the preliminary reading of 48.2, marking a two-year low.