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The indicator of business confidence in August was 54.3, lower than the previous value of 55.5. This was the first decline in three months.
The indicator of business sentiment in China from MNI, whose data are based on a monthly survey of Chinese business leaders, monitors and forecasts economic conditions in China, and provides important information before official government data. Companies that participated in the study are registered in the domestic stock market or in Hong Kong, although some of them also have a foreign registration. The research group consists of about 75% manufacturing companies and 25% - non-manufacturing.
The index of business sentiment remains above the value of 50 for the fifth consecutive month.
Production rose to its highest level since September 2015. New orders decreased by 8.8%.