China PMI Rises to 51.7Pct in August

»The Purchasing Managers Index (PMI) of China’s manufacturing factor rose to 51.7 percent in August, from 51.2 percent in July, the China Federation of Logistic and Purchasing said Wednesday.

»This has been the first rebound since the gauge of manufacturing activity declined for three consecutive months. It was also the 19th straight month that the index was above the threshold of 50 percent that demarcated expansion from contraction.

»Among key sub-indexes, the index of industrial production increased by 0.4 percentage points to 53.1 percent, marking a stale growth in manufacturing output; new orders grew 2.2 percent to 53.1 percent while input sub-index rose to 60.5 percent from 50.4 percent in July.