[Ferro-Alloys.com] China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.
The manufacturing PMI rose for the second consecutive month in July and stood at 51.1, versus 50.9 in June, the National Bureau of Statistics said on Friday.
A reading above 50 indicates expansion, while a reading below reflects contraction. The index has stood above 50 for five months in a row since March.
"China's economic condition continued to recover with business operation improving," Zhao Qinghe, a NBS senior statistician, said.
Production increased in broad-based manner while demand gradually recovered, Zhao said, with the expansion in output and new orders in July both gathering pace from the previous month.
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- [Editor:kangmingfei]
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