Raw material inventory and employment of the manufacturing sector continued to contract in August, with their subgauges coming in at the same level with July.
BEIJING: The official purchasing managers’ index (PMI) for China’s manufacturing sector declined for the fifth consecutive month to 50.1 in August, the lowest level in 18 months, indicating a softening expansion of the sector, the National Bureau of Statistics (NBS) said yesterday.
Despite the slowdown, the PMI has stayed above 50, which separates expansion from contraction, as production maintained steady growth, the bureau said.
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