China S&P Global Manufacturing PMI (August 2025) comes in way above expected and a big jump from July at 50.5
- expected 49.5, prior 49.5
The fastest growth in five months:
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The expansion beat expectations (49.7) and contrasted with the official PMI, which showed contraction.
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Supply and demand showed significant improvement.
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Continued postponement of tariffs at the end of July helped slow the pace of contraction in new export business
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Overall new orders grew at the quickest pace since March, but export orders shrank for a fifth straight month.
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Rising demand led to the fastest build-up of backlogged work in six months.
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Employment fell for a fifth consecutive month as firms stayed cautious despite capacity pressures.
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Input costs climbed at the steepest pace since Nov 2024, though selling prices stayed flat due to competition.
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Business confidence improved, reaching its highest since March, but economists warn tariffs, frontloaded exports, and the property slump could weigh on momentum.
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This was formerly known as the Caixin PMI, now its sponsored by ‘Rating Dog’.
Rating Dog?
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Over the weekend:
- China Manufacturing PMI (August 2025) 49.4 (expected 49.5) Services 50.3 (expected 50.3)
- ICYMI – China data showed manufacturing sector contracted for a fifth straight month
- China property sales drop 17.6% in August, housing slump hits sixth straight month
This article was written by Eamonn Sheridan at investinglive.com.
