FX.co ★ China Composite PMI Rises to 9-Month High

The RatingDog China General Composite PMI increased to 51.0 in August 2025, up from 50.8 in July, marking the highest point since November 2024. This indicates a third consecutive month of growth in the private sector, fueled by comprehensive expansion in both manufacturing and services. The rate of new orders improved overall, although export orders declined, but at the slowest rate observed in the last five months. The uptick in demand resulted in a renewed growth of backlogs, and business confidence hit a five-month peak. Nonetheless, there was a slight dip in employment following a minor increase in July. On the financial front, input prices rose modestly for the second month in a row, while output charges continued to decrease.