The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak. The recent rise in COVID-19 infections in the country is now once again taking its toll on the manufacturing sector, as we …

The post BIMCO: China’s 49.2 manufacturing PMI indicates falling activity in August first appeared on Hellenic Shipping News Worldwide. Source