The HSBC Flash China Manufacturing PMI™ reports states Operating conditions stabilise in August.
Key pointsChina PMI
- Flash China Manufacturing PMI™ at 50.1 (47.7 in July). Four-month high.
- Flash China Manufacturing Output Index at 50.6 (48.0 in July). Three-month high.
Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said:
“China's manufacturing growth has started to stabilise on the back of modest improvements of new business and output. This is mainly driven by the initial filtering through of recent fine-tuning measures and companies’ restocking activities, despite the continuous external weakness. We expect further filtering-through, which is likely to deliver some upside surprises to China's growth in the coming months.”
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