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Financial News: China's Factory Activity Growth Weakens In July

China's Factory Activity Growth Weakens In July

07/31/2018 - 00:35:00 (RTTNews)

(RTTNews) - China's manufacturing activity expanded at a slower pace in July, according to an official survey from the National Bureau of Statistics.

The factory Purchasing Managers' Index slid to 51.2 from 51.5 a month ago. The score was forecast to ease marginally to 51.3. Nonetheless, a reading above 50 indicates expansion in the sector.

Production as well as new orders expanded at slower pace compared to June. Meanwhile, the employment sub-index moved into negative territory, at 49.2.

At the same time, the non-manufacturing PMI dropped to 54.0 from 55 in June. The expected score was 54.9.

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