China's manufacturing activity rebounded in August on fresh increases in output and new orders, data from S&P Global showed on Friday.
The Caixin manufacturing Purchasing Managers' Index rose to 51.0 in August from 49.2 in July. A reading above 50.0 indicates expansion in the sector. Although the growth was mild, the pace was the best seen since February. Driven by higher client spending, new order intakes increased in August. Meanwhile, export orders declined again.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.