Arab Today, arab today chinese manufacturing returns to growth
Last Updated : GMT 11:22:02
Arab Today, arab today
Arab Today, arab today

Chinese manufacturing returns to growth

Arab Today, arab today

Arab Today, arab today Chinese manufacturing returns to growth

Beijing - UPI

A flash estimate of China\'s manufacturing index, the purchasing managers index, rose to indicate businesses growing in August, a research firm said. China\'s PMI rose from 47.7 in July, under the break-even point of 50, to 50.1 in August, which indicates slight growth in the month. The HSBC Flash China Manufacturing PMI is based on 85 percent to 90 percent of the total data and could be revised as fresh data becomes available, Markit said. Markit said the output and new orders indexes both went from negative to positive. The employment index showed a decline, but at a slower pace than in July. \"China\'s manufacturing growth has started to stabilise on the back of modest improvements of new business and output. This is mainly driven by the initial filtering -- through recent fine-tuning measures and companies\' restocking activities, despite the continuous external weakness,\" said Hongbin Qu, chief economist, China and co-head of Asian Economic Research at HSBC.  

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