China’s HSBC’s manufacturing PMI fell to 47.6 in August. This is down from 49.2 in July.
“Manufacturing sector operating conditions worsened at the sharpest rate in 41 months,” wrote Markit analysts.
Here are the key points from Markit:
- Renewed decline in factory output signalled
- New export orders fall to greatest extent since March
- Average input costs down at steepest rate in 41 months