The manufacturing sector in China continued to expand in August, and at a faster rate, the latest survey from Caixin revealed on Friday with a manufacturing PMI score of 51.6.
That’s up from 51.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, new business surged at the quickest pace in more than three years, riding a wave of foreign demand.
Companies expanded their production schedules and buying activity, while business confidence rose to its highest level in five months.
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