Economy

PMI for manufacturing sectorfalls to 51.2% in July

(Xinhua)
Updated: 2010-08-01 10:38

BEIJING - 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.