China Manufacturing PMI Jumps To 51.6 – Caixin

The manufacturing sector in China continued to expand in August, and at a faster rate, the latest survey from Caixin revealed on Friday with a manufacturing PMI score of 51.6.

That’s up from 51.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new business surged at the quickest pace in more than three years, riding a wave of foreign demand.

Companies expanded their production schedules and buying activity, while business confidence rose to its highest level in five months.

The material has been provided by InstaForex Company – www.instaforex.com

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