The Business Times
business-time-50
Global Enterprise logo
BROUGHT TO YOU BYUOB logo

China’s July non-manufacturing activity expands at slower pace

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jul 31, 2024 · 11:10 AM
    • China's official non-manufacturing purchasing managers’ index, which includes services and construction, slowed to 50.2 from 50.5 in June. The 50-point mark separates expansion from contraction in activity on a monthly basis.
    • China's official non-manufacturing purchasing managers’ index, which includes services and construction, slowed to 50.2 from 50.5 in June. The 50-point mark separates expansion from contraction in activity on a monthly basis. PHOTO: REUTERS

    CHINA’S non-manufacturing activity expanded more slowly in July, an official factory survey showed on Wednesday, pointing to slowing domestic demand for services and reinforcing how troubling a years-long crisis in the property sector is.

    The official non-manufacturing purchasing managers’ index (PMI), which includes services and construction, slowed to 50.2 from 50.5 in June, according to the National Bureau of Statistics (NBS). The 50-point mark separates expansion from contraction in activity on a monthly basis.

    The NBS composite PMI, which includes manufacturing and services, came in at 50.2 in June. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ServicesConstructionChina economyChina

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone

    From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    The authorities say the new measures will not affect the majority of developers, who have delivered “quality private housing projects to homebuyers”. 

    Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More