China's Manufacturing PMI No Longer Meets Expectations as Caixin PMI Shows Mild Growth
Monday, 2 September 2024, 04:28
China's Manufacturing PMI Contracts in August
China's NBS Manufacturing PMI returned a reading of 49.1 for August 2024, down from 49.4 in July. This decline signifies a contraction in the manufacturing sector.
Caixin PMI Shows Signs of Recovery
Conversely, the Caixin Manufacturing PMI indicates a return to growth, reflecting some resilience in China's manufacturing economy.
- Market Impact: The yield on bonds may react to these developments.
- Investor Attention: Analysts suggest investors should monitor economic trends closely.
- Sector Analysis: The technology and manufacturing sectors are particularly important.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.