China's factory output ticked up in August but still recorded a fifth straight month of contraction, official data showed on Sunday, as trade talks with the United States continue ahead of a new November tariff deadline.
The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
A Bloomberg analysts' poll had forecasted the index would be 49.5.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
NBS statistician Zhao Qinghe hailed the improvement from a month earlier as evidence that "overall economic prosperity continues to expand".
"The business climate has improved," he said.
In July, the NBS attributed manufacturing's struggles to severe weather, including floods and high temperatures.
China has struggled to maintain a strong economic recovery since the pandemic, as it fights a debt crisis in the crucial property sector, chronically low consumption and elevated youth unemployment.
China's bruising trade war with the United States -- now on hold pending a deal -- has hit the export-dependent economy.
Beijing and Washington have extended a truce on most reciprocal duties to November 10 as they continue talks.
Senior Chinese trade negotiator Li Chenggang urged "equal dialogue and consultation" between the two nations when he concluded a three-day visit to the United States on Friday, according to a statement from China's commerce ministry.
The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
A Bloomberg analysts' poll had forecasted the index would be 49.5.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
NBS statistician Zhao Qinghe hailed the improvement from a month earlier as evidence that "overall economic prosperity continues to expand".
"The business climate has improved," he said.
In July, the NBS attributed manufacturing's struggles to severe weather, including floods and high temperatures.
China has struggled to maintain a strong economic recovery since the pandemic, as it fights a debt crisis in the crucial property sector, chronically low consumption and elevated youth unemployment.
China's bruising trade war with the United States -- now on hold pending a deal -- has hit the export-dependent economy.
Beijing and Washington have extended a truce on most reciprocal duties to November 10 as they continue talks.
Senior Chinese trade negotiator Li Chenggang urged "equal dialogue and consultation" between the two nations when he concluded a three-day visit to the United States on Friday, according to a statement from China's commerce ministry.
You may also like
Operation Anweshan: 2417 missing persons rescued during statewide drive in Odisha
Nashik Rural Police Launches 'Rakshak AI' WhatsApp Chatbot For Public Safety
Madhya Pradesh Lags Behind Uttar Pradesh, Gujarat In Setting Up Police Recruitment Board
Tamannaah Bhatia & Diana Penty reveal the things only they know about one another
Marc Guehi to Liverpool transfer: Major update as angry Oliver Glasner handed exit option