China's July economic data shows weakening activity with Composite PMI falling to 50.8 from 53.6 and Services PMI declining to 50.4 from 54.1.
Macro & Markets ·
China's July economic data showed contraction signals, with Composite PMI falling to 50.8 from 53.6 and Services PMI declining to 50.4 from 54.1. Both measures dropped below the 51-point threshold that typically indicates sustained expansion in activity.