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United States Chicago PMI came in at 58.8, above expectations (51.2) in September - tmgm.com
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United States Chicago PMI came in at 58.8, above expectations (51.2) in September tmgm.com
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ING THINK
China’s PMIs remained in contractionary territory in August
The desk sees the August PMI data as a mixed bag that underscores ongoing challenges for China's economy, with the manufacturing sector showing slight signs of stabilization while the services sector remains weak. Per the full note from ING, the manufacturing PMI improved to 49.8 from 49.2, slightly exceeding expectations but still in contraction. The desk emphasizes that while there are positive signals in manufacturing, particularly in new orders and production, the stagnant non-manufacturing PMI at 49.0 indicates underlying weaknesses in domestic demand that cannot be ignored.