China's official services and manufacturing PMIs offer market support
Investing.com - China's manufacturing and services sectors stayed in expansion in July, official data showed on Monday.
The official non-manufacturing Purchasing Managers' Index (PMI) fell to 54.5, from 54.9 in June, but remained well above the 50-point mark that separates growth from contraction on a monthly basis.
A 54.5 for the services PMI also was seen as steady. The private Caixin manufacturing reading is due on Tuesday with a reading of 50.4 seen. Any level above 50 denotes expansion.
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