China’s manufacturing Purchasing Managers’ Index (CPMINDX) was 51.0 in August, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing. The reading compares with the median estimate of 50.6 in a Bloomberg News survey of 31 economists and 50.3 in July. A number above 50 indicates expansion. The preliminary reading of a manufacturing purchasing managers’ index from HSBC Holdings Plc and Markit Economics released Aug. 22 showed an unexpected expansion, jumping to 50.1 from an 11-month low. The final figure will be released tomorrow. Data released last month showed a ... (full story)