China factory growth seen cooling slightly in July - Reuters poll
According to the latest Reuters poll of 28 economists, a majority of them expect China’s manufacturing sector activity to ease slightly in the month of July, in the wake of softer domestic investment and US-Sino trade spat.
Key Findings:
“The official manufacturing Purchasing Managers’ Index (PMI) is expected to fall to 51.3 in July from 51.5 in June, according to the poll.
That would mark two years of expansion for China’s manufacturing sector, following a recovery in global demand for Chinese exports and strong credit growth, which has driven a housing boom.
Separately, a private survey on China’s factory expansion is forecast to hit an eight-month low in July, though the slowdown is expected to be mild.
The private Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) is expected to have fallen to 50.8 in July versus 51.0 in June.
The official PMI survey is due out on Tuesday, along with a similar official survey on services.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
