China's manufacturing sector experienced a slowdown in July, according to the latest Purchasing Managers' Index (PMI) from Caixin Media Co and S&P Global. The PMI dropped to 49.8 from June's 51.8, signaling a contraction. This index, based on a survey of approximately 400 companies, includes a significant proportion of smaller, privately-owned firms. The decline suggests a cooling of industrial activity, raising concerns about the broader economic outlook.
89 sats \ 0 replies \ @BitcoinAbhi 1 Aug
The HSBC India Manufacturing PMI rose to 58.5 in July 2023, up from 58.3 the previous month, indicating a historically significant improvement in the sector's health, according to preliminary estimates. This marked the fastest expansion in factory business operations since April, driven by accelerated growth in output, with anecdotal evidence pointing to favorable market conditions and new business gains. The report also showed that job creation within manufacturing firms remained strong.
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94 sats \ 3 replies \ @Satosora 1 Aug
They just cant seem to get out of this hole they have dug themselves into.
Do you think they will start a war to boost their economy?
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20 sats \ 1 reply \ @TomK OP 1 Aug
I'm not sure whether they have to do that. After all, they are already supplying Russia and indirectly participating in the wars of others.
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0 sats \ 0 replies \ @Satosora 1 Aug
That is true.
But in order to really boom their economy, they need to fully participate, right?
Especially if they land grab taiwan.
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0 sats \ 0 replies \ @TomK OP 1 Aug
I'm not sure whether they have to do that. After all, they are already supplying Russia and indirectly participating in the wars of others.
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47 sats \ 0 replies \ @Octopus 1 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.