Reported Earlier, China Non-Manufacturing Purchasing Managers Index For July 49.0 Vs. 50.0 Est.; 50.2 Prior
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Why It Matters
China's service businesses (like shops and restaurants) slowed down in July—their activity index dropped from 50.2 to 49.0, meaning less work than expected. When a big country's businesses slow, it can affect companies worldwide that sell things there.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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