Sunday, 1 September 2013

Economy News Headlines - Yahoo! News: China HSBC PMI shows factories grew first time in four months in August

Economy News Headlines - Yahoo! News
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China HSBC PMI shows factories grew first time in four months in August
Sep 2nd 2013, 01:48

A worker cuts crude steel on a production line at a steel factory in GanyuBEIJING (Reuters) - China's factory activity expanded for the first time in four months in August as domestic demand rebounded, a private survey showed, a further sign that policymakers may have averted a sharp slowdown in the world's second-largest economy. The final HSBC/Markit Purchasing Managers' Index (PMI) climbed to 50.1 in August, up sharply from July's 47.7 and in line with last week's flash reading. The survey came a day after a more bullish official manufacturing PMI, which showed factory activity expanded at the fastest pace in more than a year in August with a jump in new orders. ...


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