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.

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