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    Manufacturing PMI rises to 49.7 in July

    By Xin Zhiming | chinadaily.com.cn | Updated: 2019-07-31 10:12
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    Employees work on an aluminum-equipment assembly line in Qinhuangdao, Hebei province. [Photo by Cao Jianxiong/for China Daily]

    China's official manufacturing Purchasing Managers' Index rose to 49.7 in July, up from 49.4 in June, according to a statement of the National Bureau of Statistics on Wednesday.

    The non-manufacturing business activity index stood at 53.7 in July, compared with 54.2 in the previous month.

    The composite index, which combines results of manufacturing and non-manufacturing surveys, came in at 53.1 in July, up from 53 in June.

    A reading above 50 indicates activity expansion while one below that mark means contraction.

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