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Investing.com -- China’s manufacturing activity cooled in July, with a closely watched private-sector gauge slipping to a four-month low as growth in production and new orders eased, although factory activity remained in expansion territory.
The RatingDog China General Manufacturing PMI slipped to 50.9 in July from 51.7 in June, missing market expectations of 51.9.
The index remained above the 50-point threshold separating expansion from contraction, extending the sector’s growth streak to eight consecutive months.
The softer headline reading reflected slower growth in output and new orders, with both gauges easing to four-month lows from June’s stronger levels.
While domestic demand remained supportive, overall momentum moderated after a robust second quarter. New export orders nevertheless returned to expansion for the first time in three months, providing some support to manufacturers.
Employment rose for a second straight month at the fastest pace since August 2023 as firms expanded hiring to meet workloads. Meanwhile, input cost inflation eased to a six-month low, allowing manufacturers to keep output prices broadly unchanged after six months of increases.
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