BEIJING: China's official purchasing managers' index (PMI) fell to 51.2 in July from 52.1 in June, the China Federation of Logistics and Purchasing (CFLP) said on Sunday, Aug 1.
The federation compiles the index on behalf of the National Bureau of Statistics.
The reading was close to the median forecast of 51.1 in a Reuters poll of 11 economists.
It was the 17th straight month that the official PMI stood above the threshold of 50 that demarcates expansion from contraction.
The index hit a record low of 38.8 in November 2008 and was last below 50 in February 2009. - Reuters
The federation compiles the index on behalf of the National Bureau of Statistics.
The reading was close to the median forecast of 51.1 in a Reuters poll of 11 economists.
It was the 17th straight month that the official PMI stood above the threshold of 50 that demarcates expansion from contraction.
The index hit a record low of 38.8 in November 2008 and was last below 50 in February 2009. - Reuters
No comments:
Post a Comment