China Caixin manufacturing PMI for July 49.9 vs 49.6 estimate

Author: Greg Michalowski | Category: News

Caixin manufacturing PMI index for July 2019

China PMI manufacturing for July
  • Prior month 49.4
  • The Caixi manufacturing PMI for July 49.9 versus 49.6 estimate 
  • new orders swing back into modest growth
  • new export orders remain week
  • factories still cutting jobs 
  • output rises to 50.1 versus 49 in June
  • index is higher than expected but still below the 50.0 level
  • the high for the year was 50.8 in March
  • the low for the year was 48.3 in January
  • 3 months above the 50 level and 4 months below the line.

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