PMI for manufacturing sector falls to 51.2% in July

Write: Nikki [2011-05-20]

PMI for manufacturing sector falls to 51.2% in July

From: China Daily

The Purchasing Managers Index (PMI) for China s manufacturing sector stood at 51.2 percent in July, down 0.9 percentage points from the previous month, the China Federation of Logistics and Purchasing said here Sunday.

The PMI includes a package of indices to measure manufacturing sector performance. A reading above 50 percent indicates economic expansion, while that below 50 percent indicates contraction.

It was the 17th straight month that the index was above 50 percent.