Manufacturing at 15-Month Low, Final Caixin China PMI Shows

(Beijing) – China's manufacturing sector suffered its worst decline in July since March last year, as the final Caixin China Purchasing Managers' Index slipped to 47.8 points.

This is 0.4 points lower than the preliminary figure released in late July. The final PMI for June was 49.4, below the 50-point mark that separates growth from contraction.

The PMI for July released by the National Bureau of Statistics (NBS) on August 2 was 50. The figures for the previous four months were all above 50.