01 August 2012 04:27 [Source: ICIS news]
Weak demand and oversupply caused the decline in the numbers, according to the China Federation of Logistics and Purchasing (CFLP).
July’s new order sub-index slipped 0.2 percentage points from June to 49.0%, extending the decline for the fifth consecutive month, the data showed.
Production index was also down 0.2 percentage points month on month to 51.8% in July, while the export index fell by 0.9 percentage points to 46.6% and the import index declined by 1.5 percentage points to 45.0%.
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