China's factory activity contracts unexpectedly as COVID flares up

The official non-manufacturing PMI in July fell to 53.8 from 54.7 in June. The official composite PMI, which includes manufacturing and services, fell to 52.5 from 54.1.

A resident gets tested for the coronavirus disease (COVID-19) at a sealed area, after the lockdown placed to curb the COVID-19 outbreak was lifted in Shanghai, China June 8, 2022.

(photo credit: REUTERS/ALY SONG)

ByREUTERS

JULY 31, 2022 10:18

Updated: JULY 31, 2022 12:09

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