China’s manufacturing sector expanded at its slowest pace in four months in July, as output and new orders rose more slowly, while export orders returned to growth after a contraction, a private-sector survey showed on Monday.
Slowing Economy
The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 50.9 in July from 51.7 in June, missing analysts’ forecast of 51.5. The 50-mark separates growth from contraction.
Official data showed second-quarter economic growth at its slowest in more than three years at 4.3%, missing the lower end of a full-year target of 4.5% to 5.0%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
