Manufacturing PMI figures improve in August
The purchasing managers' index (PMI) for China's manufacturing sector improved in August, raising 0.6 percentage points from the month before to 49.8, according to figures from the National Bureau of Statistics. The composite PMI output index rose from 49.3 to 49.5. Several PMI sub-indexes returned to expansion in August. The sub-index on production advanced to 50.4, from 49.9 in July. The new…
The Purchasing Managers' Index (PMI) for China's manufacturing sector rose to 49.8 in August, up from 49.3 in July, according to data from the National Bureau of Statistics. This improvement indicates that the manufacturing activity rebounded in the world's second-largest economy, driven by strong export demand. Several sub-indexes, including production, new orders, and new export orders, returned to expansion in August, with the production sub-index rising to 50.4 from 49.9 in July.
Brief written by urgent.news from RTHK News - Finance's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
