Chinese Factories Show Signs of Life: PMI Surprises Analysts

Chinese manufacturing is experiencing a resurgence, defying expectations with activity levels surging to their fastest pace since March. A private survey by S&P Global, the RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), reveals an impressive jump in August, exceeding projections and signaling a positive shift for factory owners. While this rebound offers some relief for manufacturers navigating the impact of tariffs and weakening domestic demand, official PMI data indicates the sector remains technically contracted.