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Home›Bonds & Rates›Economy›China factory activity contracts in July as demand wea…

China factory activity contracts in July as demand weakens

The slowdown follows an export-driven rebound in the second quarter, with typhoons cited as a factor behind weaker demand.

Reported · Written up by our desk · Economy

China factory activity unexpectedly fell in July, pointing to cooling industrial conditions as demand weakened, according to CNBC World.

The outlet said the drop came as an export rush that helped power a rebound in the second quarter began to unwind, leaving fewer orders.

CNBC Economy also linked the softer demand environment to disruptions tied to typhoons, contributing to the unexpected contraction.

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Sources

CNBC WorldChina's factory activity unexpectedly contracts in July on demand slump, typhoons
CNBC EconomyChina's factory activity unexpectedly contracts in July on demand slump, typhoons

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