Chinese manufacturing output rises in August

01.09.2010

Factory output in China increased last month, according to official statistics released this morning. The Purchasing Managers Index (PMI) for August came in at 51.7, a half point improvement on July.

Figures above 50 in the PMI index denote growth, while sub-50 scores indicate a contraction in manufacturing activity. The 51.7 score ends a three month consecutive run of slowing growth.