Reported Earlier, China Manufacturing Purchasing Managers Index For July 49.4 Vs. 49.4 Est.; 49.5 Prior
Portfolio Pulse from Benzinga Newsdesk
China's Manufacturing Purchasing Managers Index (PMI) for July came in at 49.4, matching the estimate but slightly below the prior month's 49.5. This indicates a slight contraction in the manufacturing sector.
July 31, 2024 | 4:46 am
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The China Manufacturing PMI for July was reported at 49.4, matching estimates but slightly below the previous month's 49.5. This indicates a slight contraction in the manufacturing sector, which could impact the iShares China Large-Cap ETF (FXI).
The PMI data indicates a slight contraction in China's manufacturing sector, which could negatively impact the performance of the iShares China Large-Cap ETF (FXI) as it is heavily influenced by the economic conditions in China.
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