China’s manufacturing sector is expected to cool in July for the second consecutive month, as threats to the country’s economy from inside and overseas continue to weigh on confidence and investment.
The official manufacturing PMI gauge is forecast to fall 0.2 points from 51.5 in June, according to a Reuters poll. This would still be well above the 50 neutral mark and would signal two years of expansion for the sector.
The slowdown is expected to be offset by robust commodities prices and a reining in off excess output in certain industries which will buoy profit margins.
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