China: Manufacturing PMI for August jumped from 49.9 to 50.4 - TDS

Research Team at TDS, notes that it was mixed outcomes from China’s economic releases but positive skew on balance for PMIs today as this sector is expanding.

Key Quotes

“The official Manufacturing PMI for August jumped from 49.9 to 50.4, the highest since 2014 (vs mkt f/c 49.8) but Caixin manufacturing PMI dropped from previous, bang on 50.0 (vs June 50.6). Non manufacturing PMI was little changed at 53.5.”