HONG KONG -- An official reading of China's Purchasing Managers' Index slipped to 50.7 in July from 50.9 in June as manufacturing activity eased amid tighter monetary conditions, according to reports Monday. The measure, released by China Federation of Logistics and Purchasing, was higher than 50.1 expected in a Reuters survey. A reading above 50 indicates an improvement in manuacturing activity from the previous month, while one below shows a decline. A sub-index of input prices also declined to 56.3 during the month from 56.7 in June.
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