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Manufacturing activity hits 5-year low as growth of new orders slows
The HSBC Purchasing Managers' Index, compiled by S&P Global, fell to 53.5 in July from 54.2 in June and 59.1 a year earlier. A reading above 50 indicates expansion, while one below signals contraction. The latest reading was also below the series' long-run average of 54.2. The pace of growth in new orders was the second slowest in more than four years. Survey respondents said advertising efforts and resilient demand continued to support sales, although increasingly challenging market conditions and weaker client interest in key products weighed on overall expansion.
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cryptobriefing.com
China's manufacturing activity contracts for first time in five months as export demand weakens
China's manufacturing PMI fell to 49.2 in July, its first contraction in five months, as export orders weakened and stimulus signals stayed
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economictimes.indiatimes.com
China factory growth slows to 4-month low in July, survey shows
China's manufacturing sector expanded at its slowest pace in four months during July. Output and new orders rose more slowly, while export orders returned to growth. Firms added…
