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Financial News: China Manufacturing PMI Improves To 51.1

China Manufacturing PMI Improves To 51.1

07/30/2020 - 21:10:00 (RTTNews)

(RTTNews) - The manufacturing sector in China continued to expand in July, the National Bureau of Statistics said on Friday with a manufacturing PMI score of 51.1.

That's up from 50.9 and it beat expectations for a score of 50.7.

It also moves further above the boom-or-bust line of 50 that separates expansion contraction.

The bureau also noted that its non-manufacturing PMI came in with a score of 54.2 - matching forecasts and down from 54.4 in the previous month.

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