Logo 01 Aug 2025

July PMIs point to softening growth

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July’s PMI data suggests China’s industrial juggernaut is starting to slow.
Per recent data from the stats bureau (NBS) and S&P, respectively:

The NBS PMI came in at 49.3 in July, down from 49.7 in June
The S&P PMI – formerly sponsored by Caixin – fell to 49.5, down from 50.4 the previous m...