China's Aug Manufacturing Returns to Growth, Caixin PMI Shows

September 02, 2024, 09.05 AM | Source: Reuters
China's Aug Manufacturing Returns to Growth, Caixin PMI Shows

ILUSTRASI. China's manufacturing activity swung back to growth in August as new orders drove production. China Daily via REUTERS

CHINA - BEIJING. China's manufacturing activity swung back to growth in August as new orders drove production, a private sector survey showed on Monday, supporting employment and lifting confidence about the outlook.

However, the first decline in new export orders in eight months sounded the alarm following tamer exports data in July, adding to concerns about the outlook as the Christmas goods shipment peak started.

Read Also: South Korea's Factory Activity Growth Quickens Even as Overseas Demand Slows

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