Manufacturing activity in China falls in July: Government survey
Q. According to the PMI, manufacturing activity has fallen in July 2016 in China. What does PMI stand for?- Published on 02 Aug 16
a. Purchase Managers’ Index
b. Purchaser Management Index
c. Purchasing Managers’ Index
d. None of the above
ANSWER: Purchasing Managers’ Index
Manufacturing activity in China fell in July, according to a government survey. The Chinese government’s manufacturing Purchasing Managers’ Index which tracks health of large and public companies was 49.9 in July.
It was 50 in June.
- China’s economy is the world’s second largest.
- From March to May, the survey noted results above the key 50 level that separates expansion from contraction.