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China's manufacturing activity hits 18-month high

  • China’s manufacturing activity was at an 18-month high in July, a survey by HSBC has shown. 

    The purchasing managers’ index (PMI) of the bank increased from 50.7 in June to 52 in July. The index is a measure of the sector’s health.

    The country's official PMI for July will be released by China in August.

    China earlier reported that its economy had expanded by 7.5% in the April-June quarter compared with the same period a year ago.

     

     

    Tagged as: China, manufacturing, survey, HSBC, PMI, economy, business news