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China Factory Gauges Splinter for July, While Services Advance

  • Manufacturing gauges agree no major deterioration last month
  • Jump in Caixin factory gauge contrasts with official measure
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China July Manufacturing PMI Misses Estimates

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China economy watchers were left scratching their heads Monday on the state of the nation’s manufacturing in July.

An official factory gauge and a private manufacturing measure headed in different directions, with the government’s reading slipping and Caixin Media and Markit Economics’s figure released 45 minutes later jumping to the highest since February last year.