Caixin
ECONOMY

Manufacturing Growth Loses Step, Caixin Index Shows

Workers test out wind turbine blades as they leave the factory of a wind power equipment manufacturer in East China’s Jiangsu province. Photo: VCG
Workers test out wind turbine blades as they leave the factory of a wind power equipment manufacturer in East China’s Jiangsu province. Photo: VCG

China’s manufacturing activity expanded at a slower pace in July, with output and new business experiencing lower rates of growth amid subdued external demand, a Caixin survey showed Wednesday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), an indicator that gives a snapshot of operating conditions in the manufacturing sector, slipped to 50.8 in July from June’s 51.0. The reading had not been this low since November 2017.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.