I posted up the official China PMIs for manufacturing and services here earlier:
A couple of recaps from about the place:
- China's official factory gauge unexpectedly strengthened this month, signaling some resilience as the economy braces for an escalation of the trade war with the U.S.
- "The nation's pro-growth measures have taken effect to stabilize sentiment," said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc., who accurately forecast the PMI this month. Ding cited more proactive fiscal policy, tax cuts, expedited bond sales and better access for smaller companies.
Reuters (for some reason the link is not working …. sry about that):
- Growth in China's manufacturing sector unexpectedly picked up in August after a two-month slide, offering some cushion for the slowing economy as the United States rapidly ratchets up tariffs on Chinese goods.
- The respite may prove brief, however. Export orders shrank for a third straight month, suggesting a flurry of punitive U.S. trade measures are starting to bite.
WSJ / DJ:
- An official gauge of China's factory activity rebounded slightly in August, as accelerated production outweighed softened demand amid rising trade tensions.
- A subindex measuring production increased to 53.3 from 53.0, but the new orders index edged down to 52.2 from 52.3. The new export subindex--an indicator of external demand for Chinese goods-dropped to 49.4 from 49.8.
