- Flash China Manufacturing PMI™ at 52.0 in July, (50.7 in June). 18-month high.
- Flash China Manufacturing Output Index at 52.8 in July (51.8 in June). 16-month high.
- Both new orders and new export orders accelerate.
The HSBC China Manufacturing PMI rose further to 52.0 in the flash reading for July. Both new orders and new export orders expanded at a faster pace than in
June. The employment and prices sub-indices also improved. Meanwhile, stocks of finished goodscontracted at a slower pace. Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through.