China's Caixin Manufacturing PMI Jumps To 50.4 In August Vs. 50.0 Expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in August after recording 49.8 in July, the latest data showed on Monday.
The market forecast was for a 50.0 figure in the reported month.
Key highlights (via Caixin)
Faster output expansion in August.
Employment stabilizes following 11-month run of decline.
Average selling prices fall alongside input costs.
“Supply and demand expanded at different paces. Manufacturers’ output grew for the 10th straight month in August, accelerating slightly from the previous month,” said Wang Zhe, an economist at Caixin Insight Group.
Wang added, “Demand picked up as total new orders resumed growth, with stronger demand for intermediate goods.”
Data released by China’s National Bureau of Statistics (NBS) showed Saturday that the official Manufacturing Purchasing Managers' Index (PMI) fell to 49.1 in August, missing estimates of 49.5. The Non-Manufacturing PMI rose to 50.3 in the same period vs. July’s 50.2 and the expected 50.0 print.
More By This Author:
Gold Price Forecast: XAU/USD Eyes A Range Breakout, As Fed Minutes LoomsForex Today: US Dollar Appears To Find A Floor, Focus Shifts To PCE Inflation Data
Fed’s Harker: Next Fed Rate Choice Could Go Either Way Depending On Data
Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...
moreComments
![](/images/tinyMceCommentImg.png)