China’s closely-watched official manufacturing purchasing managers index (PMI), due out on Thursday, is expected to show factory activity contracted for the first time in 10 months as the world’s second largest economy suffers a deepening slowdown.
The government’s official PMI, which tracks large and state-owned firms, is forecast to fall below the key 50 threshold that demarcates expansion from contraction to between 49.2 and 49.8 in July, according to four economists polled by CNBC. The PMI stood at 50.1 in June.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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