Published • loading... • Updated
China’s Factory Activity Improves but Stays in Contraction in August
- On Monday, August 31, China's official manufacturing PMI rose to 49.8 from 49.2 in July, according to the National Bureau, though factory activity remained in contraction for a second consecutive month.
- Economic growth slowed to 4.3% in the second quarter, the weakest pace since late 2022, as soft domestic demand and a prolonged property slump continue to weigh on activity.
- Monday's reading outperformed the 49.6 forecast from Reuters-polled economists, yet retail sales and industrial output both slowed in July, with industrial profit growth cooling to its weakest pace this year.
- Exports remain a key pillar propping up growth, recording double-digit increases for most of the year as a global boom in AI infrastructure spending lifts demand for Chinese-made tech goods.
- Chinese policymakers have pledged to roll out new measures, flagging room for further fiscal spending and monetary easing, though economists warn the scale of any upcoming support will likely be limited.
Insights by Ground AI
16 Articles
16 Articles
(Beijing=Yonhap News) Correspondent Jung Sung-jo = China's manufacturing Purchasing Managers' Index (PMI), which fell sharply in July, showed signs of recovery in August, exceeding market expectations...
·Seoul, Korea (the Republic of)
Read Full Article
China's factory activity improves but stays in contraction in August
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources16
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
Factuality
To view factuality data please Upgrade to Premium
