These Chinese PMIs come from the National Bureau of Statistics (NBS). For July 2025:
Manufacturing PMI disappoints by slipping further into contraction at 49.3
expected 49.7, prior 49.7this is the fourth consecutive month in contraction for the official manufacturing PMIthe surge in exports is dissipating, domestic demand remains lacklustre
Non-Manufacturing PMI 50.1, in expansion still but only barely. 50.1 is the lowest since November last year.
expected 50.3, prior 50.5
Composite 50.2
prior 50.7
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Earlier:
Chinese state media says some deep seated & structural problems in trade talks with US
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Over the next few days we’ll get the ‘unofficial’ Caixin/S&P manufacturing and non-manufacturing PMIs for July. The official and unofficial PMIs are quite different. I posted here earlier on how they are different and why both are useful:
Economic calendar in Asia Thursday, July 31, 2025 – BoJ interest rate decision, China PMIs
This article was written by Eamonn Sheridan at investinglive.com.