China’s non-manufacturing PMI retreats in July

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BEIJING – The official indicator of China’s commercial activity outside factories eased slightly in July amid weaker service activity and demand due to new coronavirus infections in some parts from the country.
China’s official non-manufacturing purchasing managers’ index slipped to 54.2 in July from 54.4 in June, the National Bureau of Statistics said on Friday. The July reading was the fifth consecutive expansion after February’s gauge was dragged well below the 50 mark that separates expansion from contraction.

The sub-index measuring business activity in the service sector fell to 53.1 from 53.4, while the sub-index measuring construction activity fell to 60.5 from 59.8 in June. The new orders sub-index for the whole non-manufacturing sector, a measure of demand, fell to 51.5 in July from 52.7 in June.
The non-manufacturing PMI covers services such as retail, aviation and software as well as the real estate and construction sectors. Data is based on responses to monthly questionnaires sent to purchasing managers of 4,000 firms in 37 non-manufacturing sectors.

The official manufacturing PMI, also released on Friday, rose to 51.1 in July from 50.9 in June.

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