China July Manufacturing PMI Declines to 50.1%

Source: National Bureau of Statistics, ChinaScope Financial (Data)

+     According to data released by the China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics (NBS) on August 1, China’s manufacturing PMI decreased to 50.1% in July, down from 50.2% in June, falling to the lowest level since November 2011.

+     Sub-indices declined month-on-month, with the exception of the raw materials inventory index. Production index dropped 0.2 percentage points to 51.8%, hitting the lowest value since December 2011 and indicating slower production growth in the manufacturing industry.

Weak internal and external demand depressed PMI for a second consecutive month, forcing it to its lowest level since November 2011.

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here