For four months running, China’s manufacturing activity has been below the 50-point mark.”
For the fourth consecutive month, a crucial indicator of China’s manufacturing activity has dropped below the boom-or-bust line. One of the main causes of the protracted downturn in the nation’s real estate market is weak domestic demand.
In August, the Purchasing Managers’ Index registered 49.1. That is 0.3 points less than it was the previous month.
In order to create the index, the National Bureau of Statistics polled 3,200 manufacturers. Growth is indicated by figures above 50, and contraction is indicated by figures below 50.
Big businesses had a score of 50.4, midsize businesses 48.7, and small businesses 46.4.
The readings for non-manufacturers, or companies in the service sector, increased to 50.3 points from 50.3 points the previous month. For the fourth consecutive month, a crucial indicator of China’s manufacturing activity has dropped below the boom-or-bust line. One of the main causes of the protracted downturn in the nation’s real estate market is weak domestic demand.
In August, the Purchasing Managers’ Index registered 49.1. That is 0.3 points less than it was the previous month.
In order to create the index, the National Bureau of Statistics polled 3,200 manufacturers. Growth is indicated by figures above 50, and contraction is indicated by figures below 50.
Big businesses had a score of 50.4, midsize businesses 48.7, and small businesses 46.4.
The readings for non-manufacturers, or companies in the service sector, increased to 50.3 points from 50.3 points the previous month.
