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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by Renju Jaya
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