China's factory activity expands at slower pace in August -official PMI

Reuters2021-08-31

BEIJING, Aug 31 (Reuters) - China's factory activity expanded at a slower pace in August as coronavirus-related restrictions and high raw material prices pressure manufacturers in the world's second largest economy.

The official manufacturing Purchasing Manager's Index $(PMI.UK)$ was 50.1 in August from 50.4 in July, data from the National Bureau of Statistics $(NBS)$ showed on Tuesday.

The 50-point mark separates growth from contraction. Analysts had expected it to slip to 50.2.

China staged an impressive recovery from a coronavirus-battered slump, but growth has recently shown signs of losing momentum due to domestic COVID-19 outbreaks, slowing exports, tighter measures to tame hot property prices and a campaign to reduce carbon emissions.

(Reporting by Gabriel Crossley Editing by Shri Navaratnam)

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Comments

  • SanWangtikup
    2021-08-31
    SanWangtikup
    Tell me your opinion about this news...
  • HENRYCSC
    2021-08-31
    HENRYCSC
    ??
  • kenong62
    2021-08-31
    kenong62
    Please likeThanks
  • J0E
    2021-08-31
    J0E
    Please like and comment, thanks
  • KYHBKO
    2021-08-31
    KYHBKO
    growth is slowing down compounded by the outbreaks. let us monitor the supply chain challenges too as China continues her recovery. 
  • JaiVenky
    2021-08-31
    JaiVenky
    Nice!
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