Caixin
Sep 05, 2018 07:32 PM
DAILY CHART

Chart of The Day: Factory Activity in Guangdong Shrinks for First Time in Two Years

Technicians check equipment at a robotics workshop in Dongguan, Guangdong province on Aug. 29. Photo: VCG
Technicians check equipment at a robotics workshop in Dongguan, Guangdong province on Aug. 29. Photo: VCG

*Guangdong’s manufacturing purchasing managers’ index dropped to 49.3 in August, below the 50-mark that separates expansion from contraction

*An analyst said this contraction in activity is due to industrial restructuring and the ongoing Sino-U.S. trade war

Manufacturing activity in China’s industrial powerhouse of Guangdong contracted in August for the first time in 30 months, a sign that the Sino-U.S. trade dispute is taking a toll on the world’s second-largest economy.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.