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
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