Financial Times FT.com

China’s July PMI inches up as recovery solidifies

BEIJING, Aug 1 - China’s manufacturing sector consolidated its recovery in July, with businesses benefiting from a revived domestic economy and reporting a slight pick-up in external demand, a key survey released on Saturday showed.

China’s official purchasing managers’ index (PMI) for July inched up to 53.3 from 53.2 in June, the China Federation of Logistics and Purchasing (CFLP) said.

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