-
China’s Key Factory Gauge Slips as Economic Recovery Steadies
China’s factory and non-manufacturing activity continued to ease in July, implying a more steady economic recovery into the second half of the year. The official manufacturing purchasing managers’ index fell to 50.4 from 50.9 in June, the National Bureau of Statistics said Saturday, below the 50.8 median estimate in a Bloomberg survey of economists. Readings above the 50-mark signal an expansion in output. The non-manufacturing gauge, which measures activity in the construction and services sectors, eased to 53.3, in line with forecasts. China’s V-shaped rebound has stabilized in recent months, with growth ... (full story)