The official purchasing managers’ index (PMI) rose slightly to 49.7 from 49.4 in both May and June, the National Bureau of Statistics said on Wednesday. Photo: Reuters

Trade war tariffs continue to gnaw away at China’s manufacturing outlook, July data shows

  • Manufacturing purchasing managers’ index (PMI) rose to 49.7 in July from 49.4 in June, but remained in negative territory for the fifth month out of seven in 2019
  • Services and construction index also fell, to 53.7 in July from 54.2 in June, as the pressure of the trade war with the United States builds throughout China’s economy
Topic |   China economy

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The official purchasing managers’ index (PMI) rose slightly to 49.7 from 49.4 in both May and June, the National Bureau of Statistics said on Wednesday. Photo: Reuters
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.