China Markit Manufacturing PMI 50.4 (expected 51.5)

Over the weekend the official PMIs from China were published::

• China official July Manufacturing PMI falls from June, and back into contraction. Again.

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Up now is the privately surveyed PMI for July. Markit / Caixin manufacturing PMI.

Stays in expansion at 50.4, but missing in estimates and below the June result:

• expected 51.5
• prior 51.7

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From the report summary, Key findings:

• Softer increases in output and new orders
• Employment falls at quicker pace
• Input cost inflation slows notably, prices charged fall again