Economic Buzz: China Caixin Manufacturing Sector Contracts In August

1 Sep 2022 , 10:36 AM

China manufacturing sector fell into contraction territory in August with a manufacturing PMI score of 49.5, the latest survey from Caixin showed on Thursday. Thats down from 50.4 in July, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction. Production growth meanwhile eased to a marginal pace that was the softest seen for three months. While there were reports that output was still recovering from pandemic-related disruption, power supply issues and temporary factory closures due to the recent heatwave had constrained overall growth Powered by Commodity Insights