Vietnam's manufacturing PMI slows in July

China's Factory Activity Slows in July

Euro To Dollar Five Day Forecast: USD Exchange Rates Weakened By Dovish Fed Inflation Outlook

The Caixin China manufacturing PMI for July came in at the four-month high of 51.1, surpassing an analyst's expectation of 50.4.

"The weakening trend for demand, relatively muted cost inflationary pressures and discounted factory gate charges provide powerful tools for monetary policy easing", said De Lima.

The reading marked the first pick-up in growth for three months and offered some cheer for the wider economy. A score above 50 implies an expansion of activity while one below 50 denotes a contraction.

After a slowdown, the manufacturing industry made a good comeback in July 2017 and rose to 55.1, which was above what economists expected.

A Reuters poll predicted a modest July dip to 50.8.

Steve Keen, Professor of Economics at Kingston University, told Sputnik in June thatBrexit was a significant event which got everyone's attention, but many ignored a much more significant process - an actual decline in manufacturing in general.

"Operating conditions in the manufacturing sector improved further in July, suggesting the economy's growth momentum will be sustained", Zhengsheng Zhong, an economist at CEBM Group, said in a statement accompanying Tuesday's release.

Output and new orders increased at slower rates with production rising at its weakest in nine months.

Commenting on the Malaysian Manufacturing PMI survey data, Paul Smith, director at IHS Markit, which compiles the survey, said the Malaysian manufacturing sector continued to struggle in the face of tepid demand, particularly from within the domestic economy, during July.

Advertisment Greater political uncertainty stateside weighed on the dollar as Asian markets digested stronger-than-expected China Caixin manufacturing PMI released Tuesday.

A day earlier, however, the Chinese government's official PMI dropped in July due to slower production and weaker foreign demand, though the level still signaled expansion. "If this trend of milder price pressures is also reflected in other areas of the United Kingdom economy, this should provide the Bank of England sufficient leeway to maintain its current supportive stance until the medium-term outlook for economic growth becomes less uncertain", Rob Dobson, an IHS Markit economist, said.

The Men Tell Too Much
De La Haye ineligibility another blow to hope for change in NCAA