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China's Aug 2024 manufacturing PMI drops to 49.1 from 49.4 in Jul

01 Sep '24
1 min read
China's Aug 2024 manufacturing PMI drops to 49.1 from 49.4 in Jul
Pic: Adobe Stock

Insights

  • China's manufacturing purchasing managers' index (PMI) was 49.1 in August this year compared to 49.4 the previous month, official data show.
  • The figure dropped amid the continuous impact of heat wave and rainstorms on manufacturing activity, according to the official statistics agency.
  • The sub-indices for production and new orders both dipped in August.
China’s manufacturing purchasing managers' index (PMI) was 49.1 in August this year compared to 49.4 the previous month, according to the National Bureau of Statistics (NBS).

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The figure dropped amid the continuous impact of heat wave and rainstorms on manufacturing activity, NBS senior statistician Zhao Qinghe told a state-controlled news agency.

The manufacturing sector climate was also affected by the arrival of off-season period for some industries, he said.

The sub-indices for production and new orders both dipped in August.

ALCHEMPro News Desk (DS)
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