China’s factory activity contracts for fourth straight month in July at 49.3, below the 50-point mark that separates expansion and contraction. – EPA pic, July 31, 2023.
CHINA’S factory activity contracted for the fourth straight month in July, data showed today, as authorities released new measures aimed at boosting the world’s second-largest economy. The official manufacturing Purchasing Managers’ Index – a key measure of factory output – came in at 49.3, below the 50-point mark that separates expansion and contraction, according to the National Bureau of Statistics .
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