Analysts at TD Securities note that China’s Manufacturing PMI for July ticked up to 49.7 from 49.4 in June amid ongoing government support for companies. Key Quotes “Yet the below-50 reading still signals contraction. In contrast, non-manufacturing PMI underperformed, falling to 53.7 from 54.2 in June. Perhaps most concerning, but completely in line with indications from other trade data globally, is the fact that new export orders remained very contractionary at 46.9, showing that US trade tensions and the global cycle continues to weigh most apparently on China.” “New export orders remained one of the weakest sub-indices on the PMI data. Larger-scale enterprises moved back above 50 however, to 50.7, which is the one bright spot in the manufacturing PMI report as last month all three levels of industry were sub-50.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Surge in Private Credit data – Westpac FX Street 4 years Analysts at TD Securities note that China's Manufacturing PMI for July ticked up to 49.7 from 49.4 in June amid ongoing government support for companies. Key Quotes "Yet the below-50 reading still signals contraction. In contrast, non-manufacturing PMI underperformed, falling to 53.7 from 54.2 in June. Perhaps most concerning, but completely in line with indications from other trade data globally, is the fact that new export orders remained very contractionary at 46.9, showing that US trade tensions and the global cycle continues to weigh most apparently on China." "New export orders remained one of the weakest sub-indices on the PMI… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
