China is set to report its official manufacturing Purchasing Managers’ Index for the month of July on Monday.

Economists were expecting that PMI number to come in a 51.6 for July, just slightly slower from June’s 51.7 reading, according to a poll by Reuters.

Levels above 50 indicate expansion, while levels below signal contraction.

Earier this month, China reported second-quarter GDP growth of 6.9 percent that topped expectations, but market watchers are expecting the economy to slow due to tightening policies in the property market and the government’s deleveraging campaign.

“Something has to give if they are curtailing credit,” said Vishnu Varathan, Mizuho Bank’s head of economics and strategy.

Source: cnbc china
China is about to report important monthly data, here is what economists expect