Manufacturing PMI rises to 49.7 in July
By Xin Zhiming |
chinadaily.com.cn |
Updated: 2019-07-31 10:12
Share
Share - WeChat
China's official manufacturing Purchasing Managers' Index rose to 49.7 in July, up from 49.4 in June, according to a statement of the National Bureau of Statistics on Wednesday.
The non-manufacturing business activity index stood at 53.7 in July, compared with 54.2 in the previous month.
The composite index, which combines results of manufacturing and non-manufacturing surveys, came in at 53.1 in July, up from 53 in June.
A reading above 50 indicates activity expansion while one below that mark means contraction.
Related Stories
