China Updates: Manufacturing Growth Amid New Export Order Concerns
Monday, 2 September 2024, 01:57
China PMI: Manufacturing Activity Growth
China's manufacturing activity returned to growth in August, with the Caixin/S&P Global Manufacturing Purchasing Managers’ Index (PMI) increasing to 50.4 from 49.8, exceeding analyst predictions.
New Export Orders Decline
Despite this positive trend, new export orders faced their first drop in eight months, signaling potential vulnerabilities.
- Production boosts driven by increased new orders post-July.
- Sector growth led by consumer and intermediate goods.
- Deterioration in external demand highlighted through new export order drop.
- Concerns about ongoing economic stabilisation efforts.
Future Outlook
While manufacturers show optimism—the highest since May—it remains tempered by long-term challenges linked to government growth targets and external demand pressures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.