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China manufacturing PMI falls to two-year low in July
July data signalled that the downturn in China’s manufacturing sector intensified at the start of the third quarter. Renewed falls in both total new work and new export orders led manufacturers to cut production at the fastest rate since November 2011. Softer client demand and reduced output requirements contributed to further job shedding and lower purchasing activity, with the latter declining at the sharpest rate since January 2012. Meanwhile, deflationary pressures persisted, with both input costs and output charges declining in July and at faster rates than in the previous month. Adjusted for seasonal factors, ... (full story)
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- roger44
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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ITS ABOUT THE CASH NOTHING ELSE.