China’s private Caixin manufacturing PMI drops to 49.8 in July, first dip below expansion in nine months
China's private Caixin Manufacturing Purchasing Managers' Index (PMI) dropped to 49.8 in July, down 2 points from a month ago, Caixin data revealed on Thursday. A reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 points to contraction. The reading followed China's official factory activity data released by the National […]