China's Caixin Manufacturing PMI contracts to 49.2 in July vs. 50.3 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) returned to contraction, coming in 49.2 in July as against the 50.5 reading registered in June, the latest data showed on Tuesday. The market had predicted a 50.3 expansion.

On Monday, China’s National Bureau of Statistics (NBS) released the country’s official Manufacturing Purchasing Managers' Index (PMI), which improved to 49.3 in July as against the 49.0 contraction seen in June and the market expectations of a 49.2 figure.

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