China's factory activity contracts unexpectedly as COVID flares up
The official non-manufacturing PMI in July fell to 53.8 from 54.7 in June. The official composite PMI, which includes manufacturing and services, fell to 52.5 from 54.1.
A resident gets tested for the coronavirus disease (COVID-19) at a sealed area, after the lockdown placed to curb the COVID-19 outbreak was lifted in Shanghai, China June 8, 2022.(photo credit: REUTERS/ALY SONG)ByREUTERSUpdated:
