Caixin
Aug 31, 2024 07:33 PM
ECONOMY

China Factory Activity Extends Slide as Headwinds Mount

00:00
00:00/00:00
Listen to this article 1x
Photo: Bloomberg
Photo: Bloomberg

(Bloomberg) — China’s factory activity contracted for a fourth straight month in August, the latest sign the world’s No. 2 economy may struggle to meet this year’s economic growth target.

The official manufacturing purchasing managers’ index declined to 49.1 from 49.4 in July, the National Bureau of Statistics said on Saturday. The median forecast of economists surveyed by Bloomberg News was 49.5. The reading has been below the 50-mark separating growth from contraction for all but three months since April 2023.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article
Open WeChat and scan the QR code