China August HSBC flash PMI slips to three-month low of 50.3
Published on Aug 21, 2014 9:57 AM
BEIJING (Reuters) - Growth in activity in China's vast factory sector slowed to a three-month low in August as output and new orders lost steam, a preliminary private survey showed on Thursday.
The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 from July's 18-month high of 51.7, missing a Reuters forecast of 51.5.
It was the lowest reading since May, though the PMI stayed above the 50-point level that separates growth in activity from contraction for a third consecutive month.
A sub-index measuring new orders, a gauge of demand at home and abroad, fell to a three-month low of 51.3.
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