June Manufacturing PMI Slump and Caixin PMI Recovery
China's Manufacturing PMI Falls
The NBS Manufacturing PMI in China fell to 49.1 in August 2024, down from 49.4 in July. This contraction indicates a significant decline, marking the steepest decrease since February. The latest figures were below market expectations of 49.5, raising concerns about the health of the manufacturing sector.
Caixin PMI Shows Signs of Recovery
In contrast, the Caixin PMI reflects a return to modest growth, suggesting that while the NBS data indicates a contraction, there may be areas within the sector where recovery is possible. This divergence points to varying conditions and potential opportunities in China’s manufacturing industry.
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.