China’s manufacturing sector continued to contract in July and at an accelerated pace, the latest survey from Caixin revealed on Friday, with a flash PMI score of 48.2.
That was well shy of forecasts for a score of 49.7, and it was down sharply from 49.4 in June. It also moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, the manufacturing output index slipped to a 16-month low score of 47.3 – down from 49.7 in June.
The material has been provided by InstaForex Company – www.instaforex.com