China's factory activity contracts for second consecutive month in August

52FINANCE

China's factory activity contracts for second consecutive month in August

⚡ Markets: Continued manufacturing weakness in China signals sluggish domestic demand and weighs on the global growth outlook. Negative for industrial commodities like copper and iron ore, as well as for global equities exposed to Chinese demand.FXIcopperAUD

China's official manufacturing Purchasing Managers' Index (PMI) was 49.8 in August, remaining in contraction territory for the second straight month. While the figure represents a slight improvement from July, it indicates persistent weakness in the manufacturing sector despite some recovery in export demand.

West MSM 1Financial press 2Non-West State 2Google Non-West 14 countries

6 sources across the spectrum

Financial pressBloomberg — China’s Factory Activity Extends Slump Even as Gauge Rises

West MSMAP — China’s factory activity contracts in August despite an uptick in export demand

Financial pressNikkei Asia — Chinese factory slump eases; weak services signal uneven recovery

Non-West StateCGTN — China's manufacturing PMI rebounds in August

Non-West StateGlobal Times — China's manufacturing PMI rises to 49.8 in August, a sign of improving growth momentum

Google Non-WestGoogle News (Russia) — Производственная активность в Китае сокращается второй месяц подряд

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