ING
China's PMIs remained in contractionary territory in August
From the original
https://think.ing.com/snaps/chinas-pmis-remained-in-contraction-territory-in-august/
Related speeches
4 itemsING Economics
China's PMI fell sharply in July as markets await policy support
ING THINK
China’s PMI fell sharply in July as markets await policy support
The sharp decline in China's PMI readings for July reveals a concerning economic trend, with both manufacturing and non-manufacturing indices dipping into contraction territory, as highlighted in the bank's analysis. Per the full note from ing-think, the manufacturing PMI fell to 49.2, significantly below market expectations of 50.1. Given this backdrop, expectations for a policy pivot from authorities are rising, though the path forward may face resistance amid broader macroeconomic challenges.
ING Economics