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August PMI exceeds expectations

August PMI exceeds expectations
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China’s manufacturing activity grew faster than expected in August on improved supply and domestic demand.

The official Purchasing Managers’ Index, which measures vitality in the manufacturing sector, rebounded to 51.7 in August from July’s 51.4, the National Bureau of Statistics said yesterday.

Read the full story at http://www.shanghaidaily.com/business/economy/August-PMI-exceeds-expectations/shdaily.shtml

SOURCE: Shanghai Daily

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