China’s economy showed fresh signs of stabilising after manufacturing activity rose to a four-month high, a survey from HSBC showed on Thursday.
The bank’s flash purchasing managers’ index – the earliest piece of economic data for August – jumped to 50.1 from 47.7 in July. A number above 50 indicates an expansion in activity.
Although often subject to later revisions, the flash PMI figure has become a closely watched data point for investors and chimes with other recent figures that also showed a pickup in the world’s second-largest economy.
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