As posted over the weekend, the official NBS Manufacturing PMI in China for August fell to 49.1
from 49.4 in Julyexpected was 49.5 fourth straight month of contractionsteepest 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 Julynew orders 48.9 vs 49.3foreign sales 48.7 vs 48.5
Employment 48.1 vs 48.3 in July
Input prices 43.2, plunging from July’s 49.9Output 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.
