China PMIs (August) Manufacturing 51.0 (expected 51.2) Non-manufacturing 55.2 (expected 54.2)

These are the official PMIs, the unofficial Caixin Markit PMIs will follow later ion the week.

For August:
Manufacturing 51.0
  • expected 51.2, prior 51.1

Non-manufacturing 55.2

  • expected 54.2, prior 54.2

Composite 54.5

  • prior 54.1
While manufacturing is a touch softer services are gaining, a positive sign for the domestic economy.
Data from China’s National Bureau of Statistics and China Federation of Logistics and Purchasing.
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