Manufacturers rush orders ahead of potential tariffs

China's factory activity is expected to decline for the third consecutive month in July.

Manufacturers are accelerating orders to mitigate potential tariff impacts from trade partners. Despite outbound shipments growing at their fastest pace in 15 months in June, unexpectedly shrinking imports suggest weak domestic demand.

China's factory activity is expected to decline for the third consecutive month in July, according to a Reuters poll.

A median forecast of 31 economists predicts the official purchasing managers' index (PMI) will drop to 49.3 from June's 49.5, indicating contraction. A PMI below 50 points signifies a decline in manufacturing activity.

China, the world's second-largest economy, experienced slower-than-anticipated growth in the second quarter, with particular concerns in the consumer sector.

Although Chinese exports have been strong in recent months, helping factory managers and contributing to progress towards the government's growth target of around 5%, uncertainties arise as more trade partners contemplate imposing import tariffs.

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