China Manufacturing PMI Soared To 51.1% In July

  • Jul 31, 2020 NZST
  • Team Kalkine
China Manufacturing PMI Soared To 51.1% In July

In July 2020, despite the hindrance experienced due to flood and second wave of COVID-19, there was an increase in the factory activity. This boosted the official manufacturing Purchasing index from 50.9% in June to 51.1% in July 2020.

China was able to recover from the strict lockdown which was said to weaken the Chinese economy. The new export orders dropped at a lower rate as compared to June 2020. This is because of the continued pressure on external demand.

Companies also fired more employees that they hire.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK