China’s manufacturing sector showed a modest improvement in August, with the Purchasing Managers’ Index (PMI) rising to 49.8 from 49.2 in the previous month, according to FX Street citing China’s National Bureau of Statistics (NBS). This figure also slightly exceeded the market consensus of 49.7, signaling a cautious recovery in factory activity.
Meanwhile, the non-manufacturing PMI held steady at 49.0 in August, indicating that the services sector remains under pressure without notable expansion. Both PMI readings remain below the 50 threshold, which separates contraction from growth.
For Japanese investors and traders, these developments in China’s industrial and services sectors are closely watched as they can influence regional supply chains and risk sentiment across FX and equity markets.