Tags: AS | China | Manufacturing

China Manufacturing Improves in August but Sales Weaken

Friday, 31 August 2018 01:38 AM

BEIJING (AP) — A survey shows China's manufacturing activity improved in August but sales weakened amid a worsening tariff war with Washington.

An industry group, the China Federation of Logistics & Purchasing, said Friday its monthly purchasing managers' index rose to 51.3 on a 100-point scale from July's 51.2.

Components for new orders and exports declined, suggesting demand is weakening.

Citigroup economists said in a report "the trade war's impact increasingly appeared in the data."

Washington and Beijing have imposed tariff hikes on $50 billion of each other's goods. President Donald Trump is poised to impose penalties on an additional $200 billion of Chinese imports as early as next week. Beijing has said it will retaliate.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A survey shows China's manufacturing activity improved in August but sales weakened amid a worsening tariff war with Washington.An industry group, the China Federation of Logistics & Purchasing, said Friday its monthly purchasing managers' index rose to 51.3 on a 100-point...
AS,China,Manufacturing
115
2018-38-31
Friday, 31 August 2018 01:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved