DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI DATA BRIEF: China July PMI Slows to 50.4; Non-Mfg Eases

MNI (Singapore)
BEIJING (MNI)

China's Purchasing Managers' Index (PMI) edged down to 50.4 in July from 50.9 in June, though the index stayed above breakeven 50.0 for the 17th month, data from the National Bureau of Statistics on Saturday showed.

Manufacturing activity and demand generally slowed as the production and new order sub-index fell 0.9 pp and 0.6 pp to 51.0 and 50.9, respectively. New export orders slid 0.4 pp to 47.7, and imports also fell further into contraction at 49.4.

The non-manufacturing service gauge eased to 53.3 from 53.5, though still maintaining expansion. The business activity sub-index of air transportation, accommodation and catering all increased by more than 10.0 pps from the previous month, as demand quickened due to summer vacation spending, the NBS said.

DataPolicy NewsHomepageStoryAPACChinaData BriefData StoriesBriefChina Market NewsRegion
True
DataPolicy NewsHomepageStoryAPACChinaData BriefData StoriesBriefChina Market NewsRegion
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.