China’s PMI manufacturing edges up to 49.7, fifth month in contraction

China’s official PMI Manufacturing for August rose slightly to 49.7, surpassing market expectations of 49.5. Despite the increment, this marks the fifth consecutive month that the metric is below the 50-threshold, signaling a contraction in the manufacturing sector. Key sub-indexes within the PMI data painted a mixed picture. Production sub-index saw improvement, rising from 50.2 […]

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