China factory activity expands faster in August
Chinas manufacturing sector expanded at a faster pace in August as output and new orders accelerated. The purchasing managers index rose to 51.5, surpassing analyst estimates. Despite the growth, firms cut output prices due to intense competition and weakening domestic demand.
Xurve View
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Xurve View
China's manufacturing activity rose to 51.5 in August from 50.9 in July, beating expectations as export orders accelerated. The expansion breaks a broader economic slowdown driven by weak domestic demand across the country's $20 trillion economy. Investors are weighing short-term factory gains against deepening structural headwinds.
