Their preliminary PMI estimate was below the 50 level at 48.2- 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 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.