The purchasing managers' index (PMI) for China's manufacturing sector was at 51.1 percent in August of the current year, down 0.6 percentage points compared to July and indicating the first correction after five consecutive months of increase, according to China's National Bureau of Statistics (NBS) on September 1.
In the given month, the production index for China's manufacturing sector was down one percentage point month on month to 53.2 percent, while the overall new order index for the sector decreased by 1.1 percentage points compared to the previous month to 52.5 percent. In August, the new export order index for the Chinese manufacturing sector decreased by 0.8 percentage points month on month to 50.0 percent.
The raw material inventory index for China's manufacturing sector was at 48.6 percent in August, down 0.4 percentage points compared to the previous month.
Also in August, the employment index for China's manufacturing sector stood at 48.2 percent, down 0.1 percentage point month on month, while the supplier delivery time index for the sector in question was at 50.0 percent, down 0.2 percentage points, both month on month.