China’s official manufacturing PMI for July released: 49.2

According to Woofun AI, China’s official manufacturing PMI for July was 49.2, lower than the expected 50.0 and the previous reading of 50.3. This significant deviation from expectations indicates that the contraction in manufacturing was more severe tha

According to Woofun AI, China’s official manufacturing PMI for July was 49.2, lower than the expected 50.0 and the previous reading of 50.3. This significant deviation from expectations indicates that the contraction in manufacturing was more severe than anticipated, putting pressure on expectations for monetary easing.