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China’s manufacturing PMI up in August
September 1, 2016, 1:57 am

The uptick comes after disappointing data showed a drop in July [Xinhua]

The uptick comes after disappointing data showed a drop in July [Xinhua]


China’s National Bureau of Statistics (NBS) said on Thursday that the manufacturing Purchasing Managers’ Index (PMI) came in at 50.4 in August, a slight jump up from 49.9 in July.

The Chinese government’s manufacturing Purchasing Managers’ Index (PMI) came in at 50.0 in June, versus 50.1 logged in May, although output hit a 12-month high.

The government survey tracks the health of large and state-owned companies.

The reading is above the neutral 50-point level, signalling an expansion in the manufacturing sector, according to the NBS.

A reading below 50 represents contraction.

The BRICS Post with inputs from Agencies