Hey there, curious minds and tech enthusiasts! Fresh data from the Chinese mainland's manufacturing scene shows that the manufacturing purchasing managers' index (PMI) dropped to 49.3 in July—a slight 0.4-point dip from last month. While a reading below 50 usually signals a contraction in the manufacturing sector, the composite PMI held strong at 50.2, indicating overall business growth.
The non-manufacturing sector kept the positive momentum with its PMI at 50.1, showing that broader service and production activities remain on track. Large enterprises, in particular, are shining through with a PMI of 50.3 and robust production and new order indices at 52.1 and 50.7, respectively—marking three straight months in expansion territory. This resilience reflects strong operational stability and a commitment to innovation!
Much like the dynamic hustle in cities across South and Southeast Asia, these mixed numbers remind us that even amidst challenges, there’s a spark of progress and creativity. Stay tuned for more insights as we continue riding the wave of change! 🚀
Reference(s):
China's manufacturing PMI at 49.3 in July, composite PMI at 50.2
cgtn.com
