Both China Manufacturing PMI’s Fell In July
The official China PMI fell from 52.1 to 51.2; The HSBC/Markit PMI fell from 50.4 to 49.4. Reading bellow 50 means contraction.
Asian markets up today…
Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI