Chinese Manufacturers Register Growth

New orders and higher output have helped Chinese manufacturers register growth in August, reports the South China Morning Post.

 

Two different purchasing managers’ indexes increased last month from July, suggesting that the economy could be stabilising.

 

The Purchasing Managers' Index (PMI) compiled by the China Federation of Logistics and Purchasing on behalf of the National Bureau of Statistics, edged up to 51.7 last month from 51.2 in July, ending a three-month decline, says the Post.

 

Meanwhile, the official PMI showed that new orders jumped to 53.1 last month from 50.9 in July, while new export orders edged up to 52.2 from 51.2.

 

MORE STORIES ON PMI, MANUFACTURERS

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