Ferrosilicon Daily Express 8.7

  • Friday, August 7, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]The manufacturing PMI rose for the second consecutive month in July and stood at 51.1, versus 50.9 in June, the National Bureau of Statistics said on Friday.

[Ferro-Alloys.comChina's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.

The manufacturing PMI rose for the second consecutive month in July and stood at 51.1, versus 50.9 in June, the National Bureau of Statistics said on Friday.

A reading above 50 indicates expansion, while a reading below reflects contraction. The index has stood above 50 for five months in a row since March.

"China's economic condition continued to recover with business operation improving," Zhao Qinghe, a NBS senior statistician, said.

Production increased in broad-based manner while demand gradually recovered, Zhao said, with the expansion in output and new orders in July both gathering pace from the previous month.

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  • [Editor:kangmingfei]

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