August 1, 2016 / 1:12 AM / a year ago

China's July official manufacturing activity 49.9, down from 50 in June

BEIJING (Reuters) - Activity in China’s manufacturing sector unexpectedly shrank slightly in July from the previous month, an official survey showed on Monday.

Workers direct a crane lifting newly-made steel bars at a factory of Dongbei Special Steel Group Co., Ltd., in Dalian, Liaoning province, China, October 13, 2015. REUTERS/China Daily

The official Purchasing Managers’ Index (PMI) stood at 49.9 in July, compared with the previous month’s reading of 50 and just below the 50-point mark that separates growth from contraction on a monthly basis.

Analysts polled by Reuters predicted a reading of 50.0.

Reporting by Sue-Lin Wong; Editing by Kim Coghill

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