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MNI BRIEF: Caixin China Aug Manufacturing PMI Rises To 51

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI rebounded 1.8 points to register 51 in August from July, rising back to the expansionary zone above the breakeven 50 mark again after briefly dipping below 50 in July, the financial publisher said Friday.

Both manufacturing supply and demand resumed expansion, with the production and new orders sub-indices rebounding above 50. However, external demand remained weak, with the new export orders index rising slightly in the contraction territory.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Thursday, covers mainly large state-owned companies and rose 0.4 points to 49.7 in August.

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