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China's July factory activity contracts as PMI falls to 49.2
China's official manufacturing purchasing managers' index (PMI) slipped to 49.2 in July, marking the first contraction in five months and ending a four‑month expansion streak. The sub‑index for new orders fell to 48.5, while the new export‑orders index dropped to 49.6. The non‑manufacturing PMI also fell below the 50‑point expansion threshold to 49.0, and the composite PMI declined to 49.3. The slowdown follows a second‑quarter GDP growth of 4.3% year‑on‑year, below the 4.5‑5% target, and comes amid weak domestic demand and typhoon‑related disruptions to manufacturing and services. In response, the Politburo pledged to “attach great importance” to the economic difficulties and to consider additional policy support to boost domestic demand.
Entities
Capital Economics · China · China (economy) · China's manufacturing sector · Huo Lihui · Lynn Song · National Bureau of Statistics · National Bureau of Statistics (NBS) · National Bureau of Statistics of China · People's Republic of China · Politburo of the Chinese Communist Party · Politburo of the Communist Party of China
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Export orders PMI contracted to 49.6 in July 2024. mix929.com · jack1065.com · financiarul.ro
- [● 3 SOURCES] China's second‑quarter GDP growth slowed to 4.3% year‑on‑year. mix929.com · jack1065.com · financiarul.ro
- [● 7 SOURCES] Composite PMI fell to 49.3 in July 2024. mix929.com · jack1065.com · financiarul.ro · wixx.com · www.actionforex.com · +1 more
- [● 19 SOURCES] Official manufacturing PMI fell to 49.2 in July, down from 50.3 in June. mix929.com · jack1065.com · financiarul.ro · wixx.com · www.actionforex.com · +9 more
- [○ 1 SOURCE] China's exports grew 27% year‑on‑year in June 2024 in U.S. dollar terms. kfgo.com
- [DISPUTED] The Politburo pledged to attach great importance to economic difficulties and consider new stimulus measures. mix929.com · jack1065.com · financiarul.ro · wixx.com · laconexionusa.com · +7 more
- [● 16 SOURCES] Non‑manufacturing PMI fell to 49.0 in July. mix929.com · jack1065.com · financiarul.ro · jornaleconomico.sapo.pt · www.scmp.com · +7 more
- [● 3 SOURCES] July marked the first manufacturing PMI contraction in five months. mix929.com · jack1065.com · financiarul.ro
- [● 3 SOURCES] New export orders index contracted to 49.6 in July 2024. mix929.com · jack1065.com · wixx.com
- [● 15 SOURCES] China's second‑quarter GDP grew 4.3% year‑on‑year. mix929.com · jack1065.com · wixx.com · mymotherlode.com · laconexionusa.com · +7 more
- [○ 1 SOURCE] Analysts expect Beijing may introduce further fiscal or monetary stimulus to support growth. kfgo.com
- [● 3 SOURCES] July 2024 marks the first contraction in manufacturing PMI in five months. mymotherlode.com · laconexionusa.com