Asia growth eases at start of Q3 as manufacturing struggles

Latest PMI data signalled softer growth momentum across Asia, led by a slowdown in manufacturing. The Asia Composite PMI Output Index, compiled by IHS Markit, fell to a ten-month low of 51.2 in July, from 52.2 in June. The latest reading was also below the average for the first half of 2017, though it was consistent with Asia GDP rising at an annual rate of around 5.0%.

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