China’s Manufacturing PMI Inches Higher ...Middle East

OILPRICE - Economy
China’s Manufacturing PMI Inches Higher
source : OILPRICE ( Middle East ) () 25
China’s official manufacturing purchasing managers’ index rose in August, to 49.7 from 49.3. The increase is a positive sign even if the reading remains below the 50 threshold that separates growth from contraction. The August reading means China’s PMI readings have now been in contraction territory for five months in a row, the Wall Street Journal reported. In production, however, the August PMI reading was above 50, at 51.9. The service sector and construction subindex was also above 50, at 51, but that marked a monthly decline…

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