Private survey reveals that China's manufacturing output grew moderately in August.

• Last month, smaller manufacturers in China experienced modest growth in factory activity, thanks to offsetting export orders despite weakening domestic consumption, as indicated by a private survey.
• The official manufacturing activity in the country dropped to a six-month low of 49.1, as China's economy faces challenges such as weakening consumption, property market issues, and rising geopolitical risks.

Last month, smaller manufacturers in China experienced modest growth in factory activity, thanks to offsetting export orders despite weakening domestic consumption, as indicated by a private survey.

In August, the Caixin/S&P Global manufacturing PMI was 50.4, exceeding the median estimate of 50.0 in a Reuters poll and rebounding from the contractionary level of 49.8 in July.

In contrast to the broader official PMI data released Saturday, which indicated a six-month low in manufacturing activity at 49.1, the private gauge, which focuses on smaller and export-oriented companies, came in at a different level.

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Ng emphasized the need for government support to boost short-term growth, stating that while leadership has expressed commitment to long-term objectives, it is crucial to enhance household sentiment in the immediate future.

Despite challenges from weakening consumption, property market issues, and increasing geopolitical risks, China's economy has struggled to regain its growth momentum.