Overview

• Manufacturing PMI fell to 49.1 in August, down from 49.4 in July.
• High-tech and equipment manufacturing sectors showed growth, exceeding the 50 mark.
• Factory gate prices hit a 14-month low, reflecting weak domestic demand.
• Non-manufacturing PMI slightly improved to 50.3, indicating marginal growth in services and construction.
• Analysts suggest more supportive fiscal policies are necessary to stabilize the economy.