Analysts at TD Securities note that China’s Caixin manufacturing PMI slipped to 50.6 in August from 50.8 last month (consensus 50.7).
Key Quotes
“This index is more indicative of sentiment in China’s manufacturing sector, smaller and private companies. The fall, the fourth decline in a row suggests that the exports outlook is deteriorating.”
“The Caixin PMI contrasts with the stronger than expected official PMI reading, with medium size and larger companies benefitting from government stimulus measures.”
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