China’s manufacturing sector showed further recovery in August, with production, new orders and also export sales improving in a new survey released on Tuesday.The Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 53.1 last month from 52.8 in July, beating median expectations in a Bloomberg survey of 52.5, and remaining in positive territory for the fourth consecutive month.It was also the biggest rate of expansion since January 2011.The survey focuses on production at…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3099650/chinas-small-factory-activity-strengthened-august-thanks-rise
Tuesday, September 1, 2020
China’s small factory activity strengthened in August thanks to rise in production, new orders, export sales
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