The preliminary reading for a key Chinese
purchasing managers' index (PMI) fell to a near six-and-a-half-year low of 47.1
in August, below a Reuters forecast of 47.7, underscoring persistent
sluggishness in country's vast factory sector.
The
final Caixin China PMI dropped to a two-year low of 47.8 in July, while the
official China PMI avoided falling into contraction territory by coming in at
50 for the month. Caixin's China PMI data tends to focus on smaller and
medium-sized companies, filling a niche that isn't covered by the official data.For More Information :Intraday Trading Tips, IntradayStock Tips,F&O tips,Stock Future Tips, Intraday Tips,
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