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China's manufacturing activity shrinks as exports drag, S&P PMI shows
China's factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday. The S&P Global China General Manufacturing PMI fell to 49.5 in July from 50.4 in June, undershooting analysts' expectations of 50.4 in a Reuters poll. The 50-mark separates growth from contraction. The reading, combined with Thursday's official survey, bodes ill for growth momentum at the start of the third quarter, following robust growth in the first half of the year. Amid a trade truce with Washington, economists say the support of exports ... (full story)
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China’s manufacturing sector saw a deterioration in operating conditions in July, according to latest PMI® data. A softening of new business growth led manufacturers to scale back production for the second time in three months. The slowdown in sales coincided with a steeper contraction in new export orders. Lower production led companies to trim their ...
Economic activity in the manufacturing sector contracted in July for the fifth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply ...
Total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.2 percent, also changed little in July. Employment continued to trend up in health care and in social assistance. Federal government continued to lose jobs. This news ...
