China's NBS Manufacturing PMI climbs to 49.8 in August, Non-Manufacturing PMI steadies at 49.0
China’s Manufacturing Purchasing Managers' Index (PMI) rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month.
China's National Bureau of Statistics announced that the country's Manufacturing PMI climbed to 49.8 in August, up from 49.2 in the previous month. This figure surpassed the market expectation of 49.7. The Non-Manufacturing PMI, however, remained steady at 49.0 for August, matching July's value. Despite the positive PMI data for China, it had minimal effect on the Australian Dollar (AUD). The AUD/USD pair was observed to be down 0.04% on the same day, currently trading at 0.7162.
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