Friday 2 August 2019

Chinese factory activity has declined

Chinese factory activity has declined

 Chinese factory activity contracted in July. South Korea’s exports also fell,

    China’s official manufacturing Purchasing Managers’ Index (PMI) for July came in at 49.7

Non-manufacturing PMI for the month of July was 53.7 compared to 54.2 in June.

the PMI is a survey of businesses about the operating environment.

China’s second-quarter growth slowed to 6.2% the weakest rate in at least 27 years

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