Activity in China’s vast manufacturing sector slowed to an 11-month low in July as new orders faltered and the job market darkened, a preliminary survey showed on Wednesday, suggesting the world’s second-largest economy is still losing momentum.
The flash HSBC/Markit Purchasing Managers’ Index fell to 47.7 this month from June’s final reading of 48.2, marking a third straight month below the watershed 50 line which demarcates expansion of activities from contraction.
It was the weakest level since August last year.
via Business feed http://www.scmp.com/business/economy/article/1289627/china-july-flash-hsbc-pmi-slips-11-month-low
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