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China Factory Activity Surprises With First Slump in Five Months
Key Points
China Factory Activity Surprises With First Slump in Five Months China’s factory activity unexpectedly contracted for the first time in five months, adding to signs of slowing economic momentum. The official manufacturing purchasing managers’ index was 49.2 in July, versus 50.3 in June, the National Bureau of Statistics said Friday. The median estimate of economists surveyed by Bloomberg was 50.1.
China Factory Activity Surprises With First Slump in Five Months
China’s factory activity unexpectedly contracted for the first time in five months, adding to signs of slowing economic momentum.
The official manufacturing purchasing managers’ index was 49.2 in July, versus 50.3 in June, the National Bureau of Statistics said Friday. The median estimate of economists surveyed by Bloomberg was 50.1.