Published: Aug 01, 2023, 19:40 IST | Updated: Aug 01, 2023, 19:40 IST
Global factory activity remained in a slump in July, signifying the toll that slowing growth and weakness in China are taking on the manufacturing sector. S&P global's gauge of worldwide manufacturing activity holds steady at 48.7 in July, matching the lowest level since June 2020. factory output and new orders both slid to six-month lows, signifying a contraction in activity.