China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) jumped to 50.4 in August after recording 49.8 in July, the latest data showed on Monday. 
The market was for a 50.0 figure in the reported month. Key highlights (via Caixin)
Faster output expansion in August.
Employment stabilizes following 11-month run of decline.
Average selling prices fall alongside input costs.
“Supply and demand expanded at different paces. Manufacturers’ output grew for the 10th straight month in August, accelerating slightly from the previous month,” said Wang Zhe, an economist at Caixin Insight Group.Wang added, “Demand picked up as total new orders resumed growth, with stronger demand for intermediate goods.”Data released by China’s National Bureau of Statistics (NBS) showed Saturday that the fell to 49.1 in August, missing estimates of 49.5. The Non-Manufacturing rose to 50.3 in the same period vs. July’s 50.2 and the expected 50.0 print.More By This Author:Gold Price Forecast: XAU/USD Eyes A Range Breakout, As Fed Minutes Looms Forex Today: US Dollar Appears To Find A Floor, Focus Shifts To PCE Inflation Data Fed’s Harker: Next Fed Rate Choice Could Go Either Way Depending On Data
