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China’s Factory Activity Gauge Slows as Economy Weakens

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China’s Factory Activity Gauge Slows as Economy Weakens China’s manufacturing activity slowed in July for export-oriented firms, according to a private survey, in line with an official gauge. The RatingDog China manufacturing purchasing managers index fell to 50.9 from 51.7 in June, according to a statement released on Monday. That compared with the median forecast of 52 by economists, above the 50 threshold that indicates improving conditions from the previous month.

China’s Factory Activity Gauge Slows as Economy Weakens China’s manufacturing activity slowed in July for export-oriented firms, according to a private survey, in line with an official gauge. The RatingDog China manufacturing purchasing managers index fell to 50.9 from 51.7 in June, according to a statement released on Monday. That compared with the median forecast of 52 by economists, above the 50 threshold that indicates improving conditions from the previous month.
China (LOCATION)
Originally published by Bloomberg Markets Read original →