China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5

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China
official PMIs for July from the National Bureau of Statistics (NBS):</p>
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Manufacturing 49.3, remained in contraction for the fourth straight month</p><ul><li>vs. expected 49.2, prior 49.0</li></ul><p>
Non-manufacturing 51.5 </p><ul><li>vs. prior 53.2</li></ul><p>
Composite 51.1 </p><ul><li>prior 52.5</li></ul>

<p>-</p><p>There will be more stimulus announced for China later today:</p><ul><li><a href="https://www.forexlive.com/news/china-to-announce-more-stimulus-measures-on-monday-beijing-time-20230730/" target="_blank" rel="follow" data-article-link="true">China to announce more stimulus measures on Monday, Beijing time</a></li></ul>

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This article was written by Eamonn Sheridan at www.forexlive.com.