China Manufacturing PMI (July 2025) 49.three (vs. 49.7 anticipated)

These Chinese language PMIs come from the Nationwide Bureau of Statistics (NBS). For July 2025:

Manufacturing PMI disappoints by slipping additional into contraction at 49.three

• anticipated 49.7, prior 49.7
• that is the fourth consecutive month in contraction for the official manufacturing PMI
• the surge in exports is dissipating, home demand stays lacklustre

Non-Manufacturing PMI 50.1, in growth nonetheless however solely barely. 50.1 is the bottom since November final yr.

• anticipated 50.three, prior 50.5

Composite 50.2

• prior 50.7

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Earlier:

• Chinese language state media says some deep seated & structural issues in commerce talks with US

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Over the following few days we’ll get the ‘unofficial’ Caixin/S&P manufacturing and non-manufacturing PMIs for July. The official and unofficial PMIs are fairly completely different. I posted right here earlier on how they’re completely different and why each are helpful:

• Financial calendar in Asia Thursday, July 31, 2025 – BoJ rate of interest resolution, China PMIs

This text was written by Aaron Cutchburt at investinglive.com.