This is highlighted by the provisional data published by HSBC: the PMI index of purchasing managers rose to 49,5 points this month, however remaining below the 50-point threshold, which divides expansion from contraction.
Chinese manufacturing activity continued to contract in July for the ninth consecutive month, but the amplitude of the contraction is the weakest in five months. This is highlighted by the provisional data published by HSBC.
The PMI purchasing managers' index rose to 49,5 points this month, compared to 48,2 in June, the highest level since February (49,6 points): a gauge above 50 indicates expansion, less contraction. According to HSBC data, the latest expansion dates back to October 2011.
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