Global Economic News

China Manufacturing Sector Shrinks Slightly In August

China's manufacturing sector contracted slightly in August, driven by a renewed drop in output and a further fall in new work, survey results from IHS Markit showed on Wednesday.

The Caixin factory Purchasing Managers' Index fell to 49.2 in August from 50.3 in July. A score below 50 indicates contraction in the sector.

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by RTTNews Staff Writer

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