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China's July manufacturing PMI at 49.2, first contraction in 5 months

Bloomberg +1 ·

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  1. 1China's factory activity contracted unexpectedly for the first time in five months.
  2. 2The July official manufacturing PMI came in at 49.2, below June's 50.3 and the market forecast of 50.1, while the non-manufacturing index fell to 49, the lowest since December 2022.
  3. 3As sluggish domestic demand outweighs a recovery in exports and the economic slowdown deepens, attention turns to whether Beijing will roll out stimulus measures.

This 3-line summary is compiled from the report below.

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