China’s PMI Declined To A 17-month Low In July

The official purchasing managers’ index [PMI] fell to a 17-month low in July of 51.2 from 52.1 in June, the China Federation of Logistics and Purchasing said on Sunday. “The Chinese economy is slowing down due mainly to the ongoing property tightening measures, but the slowdown is clearly not as dire as some expected,” said Ting Lu, an economist with Bank of America Merrill Lynch (BAC)  in Hong Kong. – Reuters

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.