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Financial News: China Manufacturing PMI Eases To 51.0 In August

China Manufacturing PMI Eases To 51.0 In August

08/30/2020 - 21:25:00 (RTTNews)

(RTTNews) - The manufacturing sector in China continued to expand in August, albeit at a slower pace, the latest survey from the National Bureau of Statistics said on Monday with a manufacturing PMI score of 51.0.

That missed expectations for a reading of 51.2 and it's down from 51.1 in July. It does, however, remain above the boom-or-bust line of 50 that separates expansion from contraction.

The NBS also said on Monday that its mom-manufacturing index came in with a score of 55.2 - beating forecasts for 55.0 and up from 54.2 in the previous month.

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