Home > China manufacturing hits three-month low in flash PMI

China manufacturing hits three-month low in flash PMI

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The HSBC flash China purchasing managers index survey has recorded a result of 50.3, down from 51.7, for August.

The interim result is weighted towards smaller, privately-owned firms. It represents a three-month low, reports Market Watch.

HSBC’s chief China economist Hongbin Qu said that data pointed to the economic recovery in China continuing, but this had slowed.

“…[I]ndustrial demand and investment activity growth will likely stay on a relatively subdued path,” he said in a statement.

China’s economy grew 7.5 per cent overall, year-on-year, for the second quarter. This was slightly up on a 7.4 per cent result in the first quarter.

Image: News Corp

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