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NBS: China’s July manufacturing PMI eases to 50.4

ABSTRACT

China’s Purchasing Managers’ Index (PMI) for the domestic manufacturing industry had been inching down since April, and by July, the index slipped by another 0.5 basis point on month to 50.4, though it had been hovering in the expansion zone for 17 months, according to the latest release from the country’s National Bureau of Statistics (NBS) on July 31.
The country’s manufacturing sector had still been expanding though at a slower pace in July, mainly as some manufacturers had been conducting maintenance on their facilities while some regions in China had been hit by adverse weather such as high temperatures and flooding, Zhao Qinghe, the Bureau’s senior statistician, was

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