China’s non-manufacturing activity grows at slower pace in July: PMI
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[BEIJING] China’s non-manufacturing activity expanded at a slower pace in July, an official survey showed on Thursday.
The non-manufacturing purchasing managers’ index (PMI), which includes services and construction, dropped to 50.1 from 50.5 in June, according to the National Bureau of Statistics (NBS). The reading marked the lowest since November.
The NBS composite PMI of manufacturing and non-manufacturing was 50.2 in July, down from 50.7 in June.
The 50-point mark separates expansion from contraction in activity on a monthly basis. REUTERS
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