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BEIJING (MNI) - China's Purchasing Manager Index (PMI) edged down to 49.5
in August from July's 49.7, data released by the National Bureau of Statistics
on Saturday showed, just missing the forecast of 49.6 by analysts polled by MNI.
The index remained in the contractionary zone below 50 for the fourth straight
MNI highlights the following key points:
- The lower PMI was mainly due to weakened market demand, though production
continued to expand. Both the production sub-index and the new order sub-index
fell 0.2 and 0.1 percentage point to 51.9 and 49.7 from July, respectively. But
the production index was still 0.4 pp higher than the annual average, remaining
in the expansion zero.
- Although the new export order sub-index was still below the breakeven 50,
it rebounded 0.3 pp to 47.2, indicating better external demands than that in
- The Non-manufacturing PMI accelerated 0.1 to 53.8 from July, maintaining
its expansion momentum, the NBS said.
--Business activity in railway transportation, telecommunication and
Internet software sector were above 58, while construction registered 61.2,
indicative of fast growth. Due to typhoons and heavy rains, activities in
road/air transportation, accommodation, catering, and tourism sector were
greatly affected and declined, according to the NBS.
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