China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)


August 2024 official Chinese PMIs from the National Bureau of Statistics (NBS):

Composite is 50.1

August Manufacturing PMI 49.1

Services 50.3

  • expected 50.0, prior 50.2

The Chinese economy has been showing, and continues to show, a patchy and uneven recovery. Key trouble spots include:

  • an uncertain property sector outlook, the sector is mired in debt
  • subdued consumer confidence and demand
  • manufacturing overcapacity in some sectors
  • still below target underlying inflation (impacting this are the above points on weak domestic demand and supply overcapacity)
  • on the horizon are potentially higher tariffs on Chinese exports

Authorities have been lobbing targetted support at the economy, in a piecemeal fashion. There is still plenty of work to do.

China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.

  • The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be a more reliable indicator of the performance of China’s private sector.
  • Another difference between the two surveys is their methodology. The Caixin PMI survey uses a broader sample of companies than the official survey.
  • Despite these differences, the two surveys often provide similar readings on China’s manufacturing sector.
  • The Caixin manufacturing PMI will follow on Monday, services on Wednesday



  • Related Posts

    European Central Bank President Lagarde says important to sustain global cooperation
    • June 11, 2025

    The European Central Bank and the People’s Bank of China have signed a Memorandum of Understanding on cooperation Christine Lagarde, President of the European Central Bank (ECB), and Pan Gongsheng,…

    Continue reading
    "China heading towards a 4.5 day work week" (2.5 day weekend) is doing the rounds again
    • June 10, 2025

    This idea has been floated multiple times over past years. Its getting a redo in the headlines again today. Sichuan province city Mianyang is considering a 2.5-day weekend businesses to…

    Continue reading

    Random News

    The Return of 2024 YR4: The Asteroid Once Threatening Earth Now Poised for Close Call With the Moon in 2032 – U.S. News & World Report

    • By gonews
    • June 11, 2025
    • 1 views

    Apple is salvaging Image Playground with a boost from ChatGPT

    • By gonews
    • June 11, 2025
    • 1 views
    Apple is salvaging Image Playground with a boost from ChatGPT

    Printable 2025 Arizona Cardinals Schedule; Matchups and TV Broadcasts

    • By gonews
    • June 11, 2025
    • 2 views
    Printable 2025 Arizona Cardinals Schedule; Matchups and TV Broadcasts

    Israel’s Experiment: Abu Shabab’s Criminal Militia Targeted by Gaza Resistance

    • By gonews
    • June 11, 2025
    • 1 views
    Israel’s Experiment: Abu Shabab’s Criminal Militia Targeted by Gaza Resistance