China PMIs Signal Slower Growth as Export Demand Weakens

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China’s latest PMI surveys suggest the economy navigated the second quarter with a growing split between domestic and external demand. Manufacturing activity slowed in May while services improved, indicating that consumer spending at home is helping offset mounting pressure from weaker overseas markets. The data reinforce signs from April activity indicators that growth momentum has […]The post China PMIs Signal Slower Growth as Export Demand Weakens appeared first on ActionForex.