Home / Business

Manufacturing loses steam in Aug

By Chen Jia | China Daily | Updated: 2015-09-02 08:38

Factory activity contracted in August, after five successive months of expansion, indicating that China's economy will face more downward risks in the third quarter of the year, experts said.

The official manufacturing Purchasing Managers Index dropped to 49.7 last month, the weakest in three years, the National Bureau of Statistics said on Tuesday.

It declined from 50 in July and 50.2 in June, as both new orders and new export orders retreated at a faster rate. A reading above 50 means expansion.

Manufacturing loses steam in Aug

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349