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