ICYMI – China's official August manufacturing PMI fell to its lowest since February

As posted over the weekend, the official NBS Manufacturing PMI in China for August fell to 49.1

• from 49.4 in July
• expected was 49.5
• fourth straight month of contraction
• steepest decline since February

A glance at some of the sub indexes, these three fell for the fourth consecutive month:

• output 49.8 vs 50.1 in July
• new orders 48.9 vs 49.3
• foreign sales 48.7 vs 48.5

Employment 48.1 vs 48.3 in July

• Input prices 43.2, plunging from July’s 49.9
• Output prices contracted for the third straight month, 42.0 vs 46.3

Still to come:

• Economic calendar in Asia Monday, September 2, 2024 – China manufacturing PMI

This article was written by Eamonn Sheridan at www.forexlive.com.



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