CNBC·4 min read·hard
China's factory activity unexpectedly contracts in July
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Anniek Bao
✦AI Summary
China's manufacturing sector unexpectedly contracted in July, with the PMI falling to 49.2 due to weak domestic demand and typhoon-related disruptions. This marks the first contraction since February, putting pressure on Beijing to implement economic stimulus.
China's factory activity unexpectedly contracted in July for the first time since February, as domestic orders slumped and typhoons disrupted production, while part of the front-loading momentum began to unwind, piling pressure on Beijing to boost domestic demand.
businesseconomy
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