Aug RatingDog China manufacturing PMI 51.5, up 0.6 pts from July and marking the
ninth consecutive month in expansion. Output and demand accelerated: production
growth hit a three‑month high, overall new orders expanded faster than in July
and new export orders rose at the fastest pace in six months. Price signals
mixed: input costs ticked up modestly while factory‑gate prices fell — the first
decline since 2026. Broadening demand, output and export strength point to
continued near‑term PMI expansion; cost pressures remain modest and
controllable.
