China NBS Manufacturing PMI registered at 49.3, below expectations (49.7) in July

Jul 31, 2025

China NBS Non-Manufacturing PMI below forecasts (50.3) in July: Actual (50.1)

China's July NBS Manufacturing PMI drops to 49.3, Non-Manufacturing PMI eases to 50.1

China’s official Manufacturing Purchasing Managers' Index (PMI) dropped to 49.3 in July, as against 49.7 reported in June. The market forecast was 49.7.