ECONOMICS COMMENTARY
Aug 05, 2014
Chinese manufacturing output expands solidly, while service sector activity stagnates
HSBC China Composite PMI" data (which covers both manufacturing and services) signalled a third consecutive monthly expansion of Chinese business activity in July. That said, the rate of increase eased from June?s 15-month high and was moderate overall. This was signalled by the HSBC Composite Output Index posting at 51.6 in July, down from 52.4 in the previous month.
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