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

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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

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