China's bulk commodity market growth slows in July
Xinhua | Updated: 2020-08-10 16:49
![](http://img2.chinadaily.com.cn/images/202008/10/5f310a0da3108348fce3bac9.jpeg)
BEIJING -- China's bulk commodity market saw slower growth in July compared with June, industrial data showed.
The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 104.8 percent in July, down 0.4 percentage points compared with June, according to the China Federation of Logistics and Purchasing.
The index has registered a month-on-month decline for two consecutive months.
The sub-index for bulk commodity supply climbed faster for the third consecutive month in July, indicating rising supply.
The sub-index for bulk commodity sales saw slower expansion for the second consecutive month in July.