Tuesday, July 31, 2012

China manufacturing at slowest pace in eight months

Workers at a factory in China

The Purchasing Managers Index (PMI) dropped to 50.1 from 50.2 in June, official data showed.

A reading above 50 indicates an expansion in activity, while below 50 means a contraction.

Economists had expected the Chinese economy to pick up in the second half of this year.



Source & Image : BBC

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