Output, orders slump
Print Edition
AN index that measures production and new orders in about 200 listed companies fell to its lowest level for more than six years in July, likely as a result of the recent turmoil in the stock market.
The MNI China Business Sentiment Indicator dropped to 48.8 for the month, from 53.5 in June and its worst since the start of 2009, Market News International, a unit of Deutsche Boerse Group, said in a report released yesterday.
The downturn came after the indicators for both production and new orders picked up in May and June.
A related index that measures future expectations also fell in July to 54.1.
The monthly index polls about 200 executives from Shanghai and Shenzhen-listed manufacturing and service companies.
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