China's manufacturing PMI up in August
BEIJING, Aug. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.4 in August, up from 49 in July, data from the National Bureau of Statistics (NBS) showed Wednesday.
NBS senior statistician Zhao Qinghe said the majority of the manufacturing sectors reported improving business climate as PMIs rose in 12 of 21 surveyed industries. "Despite the impacts of COVID-19 and heatwaves, the Chinese economy has continued its recovery."
Some major industries kept expanding. The index of the consumer goods production rose from 51.4 in July to 52.3 this month, and that of the equipment and high-tech manufacturing sectors stood at 50.9 and 50.6, respectively.
A reading above 50 indicates expansion, while a reading below reflects contraction.
Photos
Related Stories
- China's non-manufacturing PMI down in August
- China's manufacturing PMI down in July
- China's non-manufacturing PMI back to expansion territory in June
- Expansion in air as June PMI back to black
- China's PMI bounces back to expansion territory in June
- China's non-manufacturing PMI back to expansion territory in June
- China's manufacturing PMI up in May
- China's non-manufacturing PMI up in May
- China's manufacturing PMI down in April
- China's non-manufacturing PMI down in April
Copyright © 2022 People's Daily Online. All Rights Reserved.