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Caixin China General Manufacturing PMI: Manufacturing conditions soften slightly in July
Manufacturing conditions in China moderated slightly in July, according to latest PMI survey data. Firms signalled a marginal fall in production amid a fresh decline in overall new business. Muted foreign demand was a key factor weighing on total sales, with new export orders down noticeably in July. Subdued market conditions prompted firms to scale back their purchasing activity and trim their staffing levels slightly. At the same time, cost pressures continued to subside, as average input prices fell for the fourth straight month, which in turn supported a further reduction in selling charges. When assessing the ... (full story)