Recapping the two China Manufacturing PMIs for August - mixed signals ...Middle East

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Recapping the two China Manufacturing PMIs for August - mixed signals
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Over the weekend we had the official PMIs showing manufacturing contracting:China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)ICYMI - China's official August manufacturing PMI fell to its lowest since FebruaryThe manufacturing result at 49.1 marks a six-month low and the fourth consecutive month below the 50-point threshold that separates expansion from contraction.While today it was the other manufacturing PMI, the private survey indicated slight expansion, returning to growth:China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)The Caixin index tends to focus more on small, export-oriented firms, suggesting that these smaller manufactu

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