Thursday, October 23, 2014   

China manufacturing sector grows slower in August: HSBC
(08-21 13:41)

China's manufacturing growth slowed in August, indicating a recovery in the world's second-largest economy has yet to fully take hold, HSBC said Thursday.

The HSBC preliminary purchasing managers index (PMI), which tracks activity in China's factories and workshops, slipped to 50.3 this month, the British banking giant said in a statement.
The figure was down from a final reading of 51.7 in July and was the lowest for three months, it said.

The indicator is a closely watched gauge of the health of the Asian economic powerhouse, with a reading above 50 indicating the sector is expanding. --AFP   
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