China's Caixin Manufacturing PMI Hits Two-Month High in August, Exports Surge

Published: Sep 2, 2026 11:45

Save

China's Caixin manufacturing PMI for August came in at 51.5, a two-month high and the ninth consecutive month above the 50 mark. Export new orders grew at the fastest pace in six months, but EXW prices saw their first decline of the year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

SMM Data: Battery-Grade Nickel Sulphate Price Drops by 150 Yuan/mt on September 2

According to SMM data, on September 2, the SMM average price of battery-grade nickel sulphate fell by 150 yuan/mt from the previous day.

1 min ago

13 mins ago

SMM #1 Refined Nickel Price Drops to 127,250 Yuan/mt on September 2

On September 2, the average price of SMM #1 refined nickel was 127,250 yuan/mt, down 1,800 yuan/mt from the previous trading day. In terms of spot premiums, the average for Jinchuan #1 refined nickel was 1,600 yuan/mt, flat from the previous trading day, while mainstream domestic brands of electrodeposited nickel ranged from -200 to 500 yuan/mt.

13 mins ago

14 mins ago

Fed Hawkish Tone Intensifies, September Rate Hike Probability Rises to 66.9%

The US Fed gained another hawkish voice, with the probability of a September rate hike rising to 66.9%. Governor Barr said he would support a rate hike if inflation fails to ease further. Combined with Warsh's earlier hawkish signals, the market is now focused on the August CPI due on September 11—the most critical data ahead of the September 15-16 FOMC meeting. Barclays now expects the US Fed to hike rates once each in September and December.

14 mins ago