BUSINESS China's manufacturing PMI down in July

BUSINESS

China's manufacturing PMI down in July

Xinhua

09:51, July 31, 2022

BEIJING, July 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 49 in July, down from 50.2 in June, data from the National Bureau of Statistics showed Sunday.

A staff member works at a workshop of microwave oven factory of Midea Group, a Chinese home appliance giant, in Foshan City, South China's Guangdong Province, April 1, 2021. (Photo: Xinhua)

A reading above 50 indicates expansion, while a reading below reflects contraction.

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