Chinese industrial activity to shrink for the fourth consecutive month

The PMI in China’s manufacturing sector has amounted to 49.3 points at the end of July, according to the report of the National Bureau of Statistics of the People’s Republic of China. This is the fourth consecutive month that the index has been below 50 points, indicating a decline in activity.

Compared to June, the China’s manufacturing PMI has slightly increased (from 49 points), but a number of the surveyed enterprises have noted that insufficient demand remains the main problem.

The PMI in the non-manufacturing sector has fallen to 51.5 points at the end of July, its lowest since the beginning of the year. In June, it was at 53.2 points.