Site Map | Archives | Electronic Edition | Mobile Edition | Alerts | RSS | Contact Us | Submit News & Photos | Subscriber Services
Jul 24, 12:04 AM EDT

China manufacturing slumps to 15-month low

AP Photo
AP Photo/Andy Wong

Made in China: Too Many Imports Too Soon?
Latest News
China manufacturing slumps to 15-month low

Fiat Chrysler adds sales company to China joint venture

Video photo gallery on trash in China
China celebrates 60th year
Panorama of Tiananmen Square
Remembering Tiananmen
A year after China quake
Migrant laborers struggle to find work
Checking Beijing's Air
China's morning exercises in parks
Exploring Chinese Cuisine
Beijing Architecture Changes For Games
Woman Rescues Homeless Quake Dogs
China Holds Funeral for Panda
China's 1-child Policy Causes Extra Pain
Map of Earthquake Zone in Central China
Entrepreneurs Move Into, Out of China
Olypmics in Beijing Highlight China's Water Woes
Foreign Buyers Head to China Despite Problems
Coal Use Produces Pollution, Illness
Coal Means Profit, Woes for China
China Extending Its Reach Around the World
In China, the Desert Closes In
Latest News
China accepts group's case against ConocoPhillips, CNOOC

Chinese state media snipe at Obama's Africa trip

Chinese woman dies after trapped in escalator, but saves son

Man restrained after trying to set fire on China flight

Activist known for brash tactics among dozens held in China

Buy AP Photo Reprints
Interactive about job growth
Quiz for Older Job Seekers
Who Has Lost the Jobs? A State by State Look
Audio Slideshow
Panorama of Tiananmen Square
Remembering Tiananmen

HONG KONG (AP) -- China's manufacturing slumped to a 15-month low in July in a fresh sign of deterioration in the world's second biggest economy, a survey showed Friday.

The manufacturing index based on a survey of factory purchasing managers fell to 48.2 this month from 49.4 in June. It uses a 100-point scale on which numbers above 50 indicate expansion.

The monthly survey was previously sponsored by global bank HSBC. It is now sponsored by Chinese financial publication Caixin. The preliminary version released Friday is based on 85-90 percent of responses from factories. The final version is due August 3.

The factory output sub-index decreased at a faster rate, falling to its lowest in 16 months. New export orders and overall new orders both contracted after expanding the previous month.

Employment in China's giant manufacturing industry, which employs tens of millions of people, continued to shrink, according to the survey.

China posted 7 percent economic growth last quarter, the weakest performance since the global financial crisis.

The latest numbers underscore the ruling Communist Party's complicated task of keeping economic growth on track while reducing reliance on trade and investment that helped power the sizzling expansion of previous years. Instead they want to base growth on slower, more sustainable domestic consumption.

The report shows that the economy is struggling to revive even after recent support measures. Beijing has cut interest rates four times since November and pumped money into construction spending after signs the economy was slowing too sharply.

"We think that recent policy easing has yet to fully feed through into stronger economic activity and expect policymakers to respond to signs of weakness by stepping up support in order to prevent growth from slipping much further this year," Julian Evans-Pritchard of Capital Economics said in a report.

© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.