China's Caixin Manufacturing PMI jumps to 50.4 in August vs. 50.0 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in August after recording 49.8 in July, the latest data showed on Monday.

The market forecast was for a 50.0 figure in the reported month.

Data released by China’s National Bureau of Statistics (NBS) showed Saturday that the official Manufacturing Purchasing Managers' Index (PMI) fell to 49.1 in August, missing estimates of 49.5. The Non-Manufacturing PMI rose to 50.3 in the same period vs. July’s 50.2 and the expected 50.0 print.