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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Below Expectations of Chinese PMI for July

July, 31 2017
watermark Economic news

The manufacturing Purchasing Managers' Index for the month of July was at 51.4 less than the anticipated 51.6 which is lower than the 51.7 in June’s reading as shown in the polls. This was said to be influenced by bad weather conditions and some floodings in parts of the country and some scheduled maintenance in some companies. Nonetheless, both imports and exports proceed to rise from a month ago according to the National Bureau of Statistics.


In spite of a drop in the official services PMI data, the July readings were much higher than the average for the first half of the year, stated by an NBS statistician. Banks are anticipated to recover in the next few months because of rising prices including the construction sector index reaching a three year high this month.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.