Over the weekend we had the official PMIs:China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)More detail:ICYMI - China's official August manufacturing PMI fell to its lowest since FebruaryThe private, Caixin S&P Global manufacturing PMI is much better, coming in at 50.4.From the report, in summary:Demand picked up as total new orders resumed growth, with stronger demand for intermediate goodsExports declined for the first time in eight monthsEmployment remained steady after an 11-month contractionBoth input and output prices decreasedLower prices for raw materials such as industrial metals brought down input costsOutput prices decreased amid sales pressure, wit
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