China's factory activity shrinks for 5th month, maintains pressure for policy support

China's manufacturing activity contracted for a fifth consecutive month in August, putting pressure on officials to provide support to boost economic growth amid weak domestic and international demand.

reuters.com

Relevant topic timeline:

8/29/2023

China's factory activity likely extended declines in August - Reuters poll

China's factory activity is expected to contract for a fifth consecutive month in August due to weak demand, posing challenges to the country's economic recovery.

8/31/2023

China's factory activity shrinks for a fifth straight month in August

China's factory activity contracted for the fifth consecutive month in August, indicating that the slowdown in the country's economy has not yet reached its lowest point.

9/1/2023

Chinese manufacturing activity unexpectedly grows in August- Caixin PMI By Investing.com

Chinese factory activity unexpectedly grew in August, fueled by improving local demand and an increase in new orders, although the Chinese economy still faces challenges due to weak external demand and a potential real estate crisis.

9/1/2023

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

The latest Manufacturing ISM Report On Business reveals that economic activity in the manufacturing sector has contracted for the 10th consecutive month in August, following a period of growth, with new orders, employment, backlogs, and raw materials inventories all contracting.

9/5/2023

China's exports, imports likely contracted more slowly in August - Reuters poll

China's exports are expected to contract at a slower pace in August, with a projected fall of 9.2%, as manufacturers continue to face pressure due to weak overseas demand and a shrinking labor market.