China Factory Activity Remains in Contraction in August
China factory activity improved slightly in August but stayed in contraction for a second straight month. The official manufacturing index rose to 49.8, beating forecasts.
China's manufacturing PMI rose to 49.8 in August from 49.2 in July, beating the median forecast of 49.6. The official survey released on Monday morning showed factory activity remaining in contraction for a second consecutive month. Persistently weak domestic demand continues to weigh on the broader economic growth momentum.
