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China manufacturing

China's factory surveys improve in August as raw material costs jump

The official PMI rose to 49.8 in August, with new orders back above 50, and the RatingDog PMI climbed to 51.5. Both surveys showed input costs rising, which the official data linked to oil and non-ferrous metals.

China manufacturing

The NBS manufacturing PMI, published on 31 August, rose 0.6 points to 49.8. Production climbed to 50.4 and new orders to 50.6, both back in expansion. Large firms returned above 50 at 50.6, but small firms stayed weak at 47.9.

The raw material purchase price index jumped 3.4 points to 56.6, which CGTN linked to recent rises in crude oil and non-ferrous metal prices. The factory selling price index rose 2.6 points to 50.4.

The RatingDog PMI, published on 1 September, rose to 51.5 from 50.9. Foreign sales grew at the fastest pace in six months. Input cost inflation picked up for the first time in four months on higher material prices, yet selling prices fell for the first time this year and confidence dropped to a seven-month low.

Sources

A summary of the public sources above, checked when it was published. General information, not legal, tax or financial advice.

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