China's manufacturing activity picks up in August
time2017/08/31
BEIJING - China's manufacturing sector expanded for the 13th straight month in August, the National Bureau of Statistics (NBS) said Thursday.
The country's manufacturing purchasing managers' index (PMI) came in at 51.7 in August, up from 51.4 in July, according to NBS data.
A reading above 50 indicates expansion, while a reading below reflects contraction.
The non-manufacturing sector expanded at a slightly slower pace in August.
The non-manufacturing purchasing managers' index (PMI) came in at 53.4 in August, down from 54.5 in July, according to the National Bureau of Statistics (NBS).
A reading above 50 indicates expansion, while a reading below that reflects contraction.