China reports official manufacturing Purchasing Managers’ Index (PMI) for August on Thursday at 9 a.m. SIN/HK.

Analysts polled by Reuters expected China to post official PMI of 51.3 for August, a tick down from 51.4 in July.

A reading above 50 indicates expansion, while a reading below that signals contraction.

French bank Natixis said in a note on Wednesday that while consumption will buoy manufacturing, investment is “past its prime” and will track downward. A tightening in liquidity will also weigh, it said.

China’s manufacturing sector has been posting solid growth thanks to domestic infrastructure spending and a recovery in exports. That has mitigated some concerns about slowing growth and high debt levels that could derail the world’s second-largest economy.

Source: cnbc china
China is about to announce a crucial piece of data on its economy