China’s official manufacturing PMI in August was 49.7%, up 0.4 percentage points from the previous month


On August 31st, the China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released the China Manufacturing Industry Managers’ Index for August today (31st). The purchasing managers’ index of China’s manufacturing industry in August was 49.7%, an increase of 0.4 percentage points from the previous month, marking the third consecutive month of increase. Among the 21 industries surveyed, 12 showed a month on month increase in the purchasing manager index, and the level of manufacturing industry prosperity further improved.