China’s PMI manufacturing edges up to 49.7, fifth month in contraction

<p>China&#8217;s official PMI Manufacturing for August rose slightly to 49.7, surpassing market expectations of 49.5. Despite the increment, this marks the fifth consecutive month that the metric is below the 50-threshold, signaling a contraction in the manufacturing sector. Key sub-indexes within the PMI data painted a mixed picture. Production sub-index saw improvement, rising from 50.2 [&#8230;]</p>
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