August PMI data signalled that operating conditions across China's manufacturing sector strengthened, and at the quickest rate for six months. Firms recorded fresh increases in both output and total new work amid reports of firmer market demand. This was despite a further drop in new export business, albeit one that was modest. As a result, manufacturers expanded their purchasing activity and staffing levels, with the latter growing at the fastest rate since March 2010. Cost pressures picked up slightly, however, with average input prices rising for the first time in six months. Competition for new work meant that ... (full story)