Arab Today, arab today china\s july pmi down to 507 fourth consecutive fall
Last Updated : GMT 17:37:25
Arab Today, arab today
Arab Today, arab today

China\'s July PMI down to 50.7%, fourth consecutive fall

Arab Today, arab today

Arab Today, arab today China\'s July PMI down to 50.7%, fourth consecutive fall

Beijing - Xinhua

China\'s manufacturing purchasing managers\' index (PMI) for July fell to 50.7 percent, the fourth consecutive decline and a 29-month record low, said the China Federation of Logistics and Purchasing on Monday.The PMI figure fell from 50.9 percent in June, as China continued to rein in soaring prices by withdrawing liquidity from the market, but it exceeded market estimates. The preliminary survey conducted by HSBC forecast the index would fall to 48.9 in July.\"The PMI has fallen for four consecutive months, indicating China\'s economy is still adjusting itself. Based on the economic grow rate changes, economic growth is slowing down steadily, which is in line with the goal of restructuring,\" said Zhang Liqun, a researcher with the Development Research Center of the State Council.Manufacturing in China usually slows during summer. From 2005 to 2010, the monthly drop in summer was about 2.5 percent on average, according to Chang Jian, an economist at Barclays Capital.PMI is a gauge of manufacturing expansion. A reading below 50 indicates contraction from the previous month, while a reading above 50 indicates expansion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s july pmi down to 507 fourth consecutive fall Arab Today, arab today china\s july pmi down to 507 fourth consecutive fall

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s july pmi down to 507 fourth consecutive fall Arab Today, arab today china\s july pmi down to 507 fourth consecutive fall

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday