China's NBS Manufacturing PMI rises to 49.3 in July vs. 49.2 expected

According to the latest data published by China’s National Bureau of Statistics (NBS) on Monday, the country’s official Manufacturing Purchasing Managers' Index (PMI) improved to 49.3 in July as against the 49.0 contraction seen in June and the market expectations of a 49.2 figure.

The NBS Services PMI droppped to 51.5 in July, compared with 53.2 reported in June.