MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Caixin China July Manufacturing PMI Contracts Again

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI dropped 1.3 points to register 49.2 in July from June, falling into the contraction zone below the breakeven 50 mark again after two months of expansion, due to sluggish demand, the financial publisher said Tuesday.

The new orders and production sub-indices recorded new lows since January and February, respectively, as weak demand, especially external demand, weigh on production. The new export orders sub-index has fallen sharply to a new low since October 2022 amid increasing overseas economic risk.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Monday, covers mainly large state-owned companies and rose 0.3 points to 49.3 in July.

Central Bank NewsPolicy NewsPBOCBriefAPACChinaPolicy StoryStoryRegion
True
Central Bank NewsPolicy NewsPBOCBriefAPACChinaPolicy StoryStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.