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China’s manufacturing expands at fastest pace in nearly a decade

by ChemOrbis Editorial Team -
  • 03/08/2020 (10:21)
China’s manufacturing expanded at its fastest pace since January 2011 with Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rising to 52.8 in July, survey results unveiled. The figure stood at 51.2 in June.

Any scores above 50 indicate expansion. July marked the manufacturing sector’s third straight month of growth amid China’s recovery from adverse impact of COVID-19 pandemic. Rising customer demand led to an increased production.

Meanwhile, new orders from overseas fell at the slowest rate in six months, as survey put it.
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