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China Manufacturing Sector Slips Into Contraction

Por: RTTNews Business August 01, 2023

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The manufacturing sector in China fell into contraction territory in July, the latest survey from Caixin revealed on Tuesday with a manufacturing PMI score of 49.2.That's down from 50.5 in June and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.Dampening the headline index was a renewed fall in new received by Chinese goods producers. Though mild, the reduction contrasted with rising sales volumes in... + full article



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