China Official Manufacturing PMI Likely Improved in August, Poll Shows

Dow Jones
Aug 28

0702 GMT - China's official manufacturing PMI likely rose to 49.5 in August from 49.2 in July, according to a poll of 10 economists surveyed by The Wall Street Journal. The reading would mark the second consecutive month that the gauge has remained in contraction territory, as heavy summer rains exacerbated the seasonal slowdown in manufacturing activity. China's statistics bureau is due to release the data on Monday.

 

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