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China’s official manufacturing PMI rose to 49.8 in August from 49.2 in July (NBS), beating a Reuters poll median of 49.6 but remaining under 50 - a second month of contraction. Mixed sub-indexes mean conditions improved for some factories while overall climate stayed soft. Freight planners note a 49.8 reading is not by itself a volume rebound; buyers should tie PMI to purchase orders and confirmed ship weeks.
China’s official manufacturing PMI rose to 49.8 in August from 49.2 in July (NBS), beating a Reuters poll median of 49.6 but remaining under 50 - a second month of contraction. Mixed sub-indexes mean conditions improved for some factories while overall climate stayed soft.
Freight planners note a 49.8 reading is not by itself a volume rebound; buyers should tie PMI to purchase orders and confirmed ship weeks.
Source: National Bureau of Statistics (China)
Topics
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