China's NBS Manufacturing PMI eases to 49.4 in July vs. 49.3 expected

China’s official Manufacturing Purchasing Managers' Index (PMI) edged a tad lower from 49.5 in June to 49.4 in July, the data published by the National Bureau of Statistics (NBS) showed Wednesday. The market consensus was 49.3 in the reported month.

The index remained below the 50 mark, which separates expansion from contraction.