China’s NBS Manufacturing PMI rose slightly to 49.2 from the previous 49.0, indicating a marginal improvement in manufacturing activity. This 0.2 point increase, however, still keeps the index below the 50-mark, suggesting contraction in the sector.
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The actual PMI matched analyst estimates at 49.2, likely resulting in a neutral reaction from the stock market. Manufacturing stocks may see limited movement due to the unchanged outlook, while broader market sentiment remains cautious. The impact is expected to be short-term, focused on immediate sentiment rather than long-term policy shifts.