China factory activity seen contracting again in August
China factory activity is expected to contract for a second straight month in August. Soft domestic demand and extreme weather continue to weigh on the manufacturing sector.
China's factory activity likely contracted for a second straight month in August to 49.6, a Reuters poll showed on Friday morning. The reading remains below the 50-mark separating growth from contraction amid soft demand and extreme weather. The persistent contraction highlights mounting headwinds for the world's second-largest economy as domestic momentum slows.
