8/31/2021, 3:01 AM (Source: TeleTrader)
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China's manufacturing slightly down in August

China's manufacturing sector growth slowed slightly in August, the China Federation of Logistics and Purchasing revealed in its latest report on Tuesday. The manufacturing Purchasing Managers' Index (PMI) dropped to 50.1 in August compared to 50.4 in July, in line with expectations.

The non-manufacturing PMI stood at 47.5, lower than the expected 52 and falling from the July figure of 53.3. Meanwhile, the composite PMI decreased from 52.4 in July to 48.9 in August.

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