Economy News Headlines - Yahoo! News: China official manufacturing PMI rises to 51 in August

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China official manufacturing PMI rises to 51 in August Sep 1st 2013, 01:16 BEIJING (Reuters) - Growth in China's manufacturing sector picked up further in August, with the official purchasing managers' index (PMI) rising to 51 from July's 50.3, better than expectations and further evidence of a stabilization in the economy after a recent slowdown. A reading above 50 indicates expanding activity while a figure below that level points to a contraction. The PMI figure, published by the National Bureau of Statistics, was stronger than market expectations in a Reuters poll of 50.6. ... Media files: 2013-09-01T011610Z_1_CBRE98003JB00_RTROPTP_2_CHINA-ECONOMY-OUTLOOK.JPG (image/jpeg)

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