Select Language

China: Holding steady in August - UOB Group

Breaking news

China: Holding steady in August - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.01 18:26
China: Holding steady in August - UOB Group

update 2025.09.01 18:26

The China Federation of Logistics and Purchasing (CFLP) business surveys improved marginally in August while the private sector RatingDog China manufacturing PMI unexpectedly returned to expansion at 50.5 in August (Bloomberg est: 49.8, July: 49.5). The CFLP PMIs which tend to relate more closely with the broader economy, indicate the lack of new growth catalysts as domestic and external demand continue to face headwinds. Earlier data in July showed a broad-based slowdown in industrial production, retail sales, fixed assets investment and surveyed jobless rates, UOB Group's economist Ho Woei Chen notes.

China PMIs show tepid August recovery

"The CFLP manufacturing PMI rose 0.1 pt to 49.4 in August (Bloomberg est: 49.5, July: 49.3). This marked the fifth consecutive month that the index is in contraction (reading<50) since the US President Trump's announcement of the reciprocal tariffs in Apr."

"Within the manufacturing PMI, production (50.8 from 50.5 in July) expanded at a faster pace. New orders (49.5 from 49.4 in July) and new export orders (47.2 from 47.1 in July) inched up 0.1 pt but remained in contraction. Despite a pickup in manufacturing activity, employment (47.9 from 48.0 in July) weakened slightly in August. By enterprise size, the large-sized enterprises (50.8 from 50.3 in July) continued to outperform. The outlook for medium-sized enterprises (48.9 from 49.5 in July) and small-sized enterprises (46.6 from 46.4 in July) stayed in contraction in August."

"The CFLP non-manufacturing PMI added 0.2 pt to 50.3 in August (Bloomberg est: 50.2, July: 50.1). Improvements in the services index (50.5 from 50.0 in June) cushioned the slump in the construction index (49.1 from 50.6 from in July) which registered its first contraction in seven months, with weakness contributed by the adverse weather conditions."


Date

Created

 : 2025.09.01

Update

Last updated

 : 2025.09.01

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

SNB's Tschudin: Swiss economic outlook has deteriorated significantly due to US tariffs

Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference on Thursday, explaining the reasons behind the interest rate hold decision.
New
update2025.09.25 17:09

SNB's Martin: Anticipate subdued growth in global economy in coming quarters

Swiss National Bank (SNB) Vice Chairman Antoine Martin is speaking at the post-policy meeting press conference on Thursday, explaining the reasons behind the interest rate hold decision.
New
update2025.09.25 17:08

RBA: In wait-and-see mode - Standard Chartered

The RBA to hold the cash rate at 3.60% at the 30 September meeting. The RBA is likely to wait for the quarterly CPI print before adjusting the cash rate.
New
update2025.09.25 17:08

USD/CHF rises to fresh highs near 0.7970 after SNB's decision

The US Dollar maintains a moderately positive bias against the Swiss Franc on Wednesday, following the Swiss National Bank's monetary policy decision.
New
update2025.09.25 17:07

SNB's Schlegel: Will monitor and adjust monetary policy as necessary

Swiss National Bank (SNB) Chairman Martin Schlegel is speaking at the post-policy meeting press conference on Thursday, explaining the reasons behind the interest rate hold decision.
New
update2025.09.25 17:04

EUR/USD: Scope to break below 1.1715 - UOB Group

Euro (EUR) has scope to break below 1.1715, but it might not be able to maintain a foothold below this level.
New
update2025.09.25 16:54

MXN: Weak real economy, further interest rate cuts, yet no weaker peso - Commerzbank

At the beginning of the year, very few analysts would have predicted that the Brazilian real and the Mexican peso would perform so well against the US dollar, with gains of 17% and 13% respectively, Commerzbank's FX analyst Tatha Ghose notes.
New
update2025.09.25 16:51

Silver Price Forecast: XAG/USD rises above $44.00 due to dovish Fedspeak

Silver price (XAG/USD) maintains its position following intraday gains, trading around $44.00 per troy ounce during the European hours on Thursday.
New
update2025.09.25 16:46

DXY: Interim bounce - OCBC

US Dollar (USD) extended its rebound momentum post-Fed cut. Cautious remarks from Fed officials dampened bearish bets on USD. DXY last seen at 97.80 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
update2025.09.25 16:38

USD: Bears are getting hungry - ING

We don't really buy into the story that geopolitics has driven the dollar stronger this week. If investors were substantially more worried about military conflict at NATO's eastern border, CEE currencies would be a lot weaker, as would German equity markets.
New
update2025.09.25 16:35

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel