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China CAIXIN PMI Manufacturing Expands More than Expected.

CHINA DATA
  • Caixin Media and S&P Global release China’s August manufacturing purchasing managers’ index at 50.4 versus 49.8 in July (survey’s 50.0).
  • This was the strongest reading since June 2024.
  • Output up at 50.7 versus 50.2 in July, highest since June 2024.
  • New orders strongest since June 2024.
  • Following the weekend’s weaker than expected PMI, the Caixin print was welcome relief for the government and its quest to support a slowing economy.

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