Source: www.fibre2fashion.com
Among the 21 surveyed industries, 12 reported expansion in August, up from 10 a month earlier. There was an overall improvement in the manufacturing climate, NBS statistician Zhao Qinghe said.
The sub-index for production and new orders in the manufacturing sector stood at 51.9 and 50.2, respectively, up by 1.7 and 0.7 percentage points from July figures.
Supporting the improvement in overall business conditions was a renewed increase in new order intakes, S&P Global said in a release. Companies indicated that firmer underlying market conditions had helped to boost client spending.The modest upturn in overall sales occurred despite a further drop in new business from abroad in August, suggesting that stronger domestic demand was the main source of growth.
Planned company expansions meanwhile supported a fresh rise in employment across China's manufacturing sector in August, noted S&P Global. Expectations regarding the 12-month outlook for output remained positive in August. Manufacturers often hoped that stronger global economic conditions and new product launches would support higher output over the coming months, S&P Global added.
