China’s private-sector manufacturing PMI rose to 51.5 in August, beating the consensus forecast of 51.0 and improving from July’s 50.9. Meanwhile, the official government PMI stood at 49.8, remaining below the 50 threshold for the second consecutive month. Key sub-indices from the official survey showed improvement, with production at 50.4 and new orders at 50.6. High-tech manufacturing led the gains with a PMI of 52.9, while equipment manufacturing came in at 51.4. Domestic demand remains the weak link, with the non-manufacturing index flat at 49.0 and the composite output index at 49.5.
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