China July official manufacturing PMI prints lower than estimate

China official manufacturing Purchasing Managers' Index for the month of July came in at 51.4 vs. 51.6 expected. The previous month’s print was 51.7.

Key highlights

New orders down to 52.8, from 53.1 in June

Output 53.5 (prev 54.4)

Employment 49.2 (prev 49.0)

New export orders 50.9 (prev 52.0)

Input prices 57.9 (prev 50.4 in June)

Output prices 52.7 (prev 49.1)