South Korea’s factory activity also shrank in August and contracted for a fourth consecutive month, according to the Nikkei/Markit PMI, which hit 49.0, from 47.3 in July. Photo: Bloomberg

China’s manufacturing rebounded in August but outlook across Asia still remains weak

  • Caixin/Markit factory Purchasing Managers’ Index (PMI) improved to 50.4 in August from 49.9 in July, rising into expansion for the first time in three month
  • But factory output for manufacturing heavyweights Japan, South Korea and Taiwan continued to plunge due to weakening demand caused by the US-China trade war
Topic |   China economy

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South Korea’s factory activity also shrank in August and contracted for a fourth consecutive month, according to the Nikkei/Markit PMI, which hit 49.0, from 47.3 in July. Photo: Bloomberg
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.