MNI BRIEF: RatingDog China Mfg. PMI Rises Above 50 In August

China's RatingDog manufacturing PMI, previously known as the Caixin manufacturing PMI, came in at 50.5 in August, up from July's 49.5, rising back into the expansionary zone above the 50 mark, as production returned to growth on the back of rising new orders, the company said on Monday.

The production sub-index saw a marginal upturn, marking the second increase in the past three months, while the new order sub-index growth also recorded a modest increase, the quickest seen since March. Companies signalled that the improvement in sales was largely driven by firmer domestic demand, as new export orders fell slightly.

RatingDog PMI mainly tracks SME manufacturers. The official PMI released on Sunday, which typically covers large state-owned companies, registered 49.4 in August, slightly up from July's 49.3 reading.