China’s Official Manufacturing PMI Slows to 51.4 in July; Services PMI Dips to 54.5

The Chinese economy expanded at a slower butsteady pace in July, with broad measures of manufacturing and services continuing to show steady gains. Beijing’s official manufacturing purchasing managers’ index (PMI), which focuses on large and state-run companies, dipped to 51.4 in July. That was a...
China’s Official Manufacturing PMI Slows to 51.4 in July; Services PMI Dips to 54.5