China Manufacturing Gloom |
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RTT News - By : Staff Reporting
The Chinese manufacturing sector remained in contraction for an eighth consecutive month in June, as output, incoming new orders and employment continued to decrease, final results of a survey by Markit Economics and HSBC showed Monday.
The purchasing managers' index, that measures the performance of the manufacturing sector, fell to 48.2 in June from 48.4 in May. The preliminary report showed a reading of 48.1. A PMI reading below 50 suggests contraction.
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