77-Month Low for August's Early Caixin Manufacturing PMI

(Beijing) – Manufacturing activities in China continued to shrink in August, as the preliminary Caixin China Purchasing Managers' Index hit a 77-month low, at 47.1 points.

The final PMI for the sector in July was 47.8, below the 50-point mark that separates growth from contraction.

Figures for components of the index showed that new orders and employment contracted more sharply from the previous month than any other categories. Output also decreased at a faster rate than in July.