China PMI

China’s factory activity picks up on expansion in output, orders, Caixin PMI shows

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China’s factory activity picks up on expansion in output, orders, Caixin PMI shows

BEIJING: Chinese manufacturing activity expanded steadily as both production and new orders grew faster in February, pushing business confidence to a 10-month high even as firms remained cautious on hiring, a private-sector survey showed on Friday. The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for … Read more

China’s factory activity shrinks for 5th month

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China’s factory activity shrinks for 5th month

BEIJING: China’s manufacturing activity contracted for a fifth straight month in August, but at a slower than expected pace, an official factory survey showed on Thursday, maintaining pressure on Beijing to step up policy support for the stuttering economy.The official purchasing managers’ index (PMI) rose to 49.7 from 49.3 in July, according to the National … Read more