China’s factory activity seen expanding at fastest pace in a year
China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from lockdowns while supply chain disruptions eased. The official manufacturing Purchasing Manager’s Index (PMI) is expected to have risen to 50.4 in July – the highest in 12 months – compared with 50.2 in the previous month, according to the median forecast of 24 economists polled by Reuters. A reading above 50 indicates expansion from the previous month, below 50 means ...
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