PMI recorded at 51.2 in July.

By bne IntelliNews August 3, 2010
China's Purchasing Managers Index (PMI), an indicator of manufacturing activity, was recorded at 51.2 during July this year as compared to 52.1 in June. As reported by Dow Jones International News, the China Federation of Logistics and Purchasing (CFLP) analyst Zhang Liqun stated that the decline from June represents a trend of deceleration which shows that the economic growth might be lower this year. Economic growth is forecasted to be about 9.5% in 2010.

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