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Solid increase in China services activity, while manufacturing output rises modestly
HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a further expansion of Chinese business activity in September, thereby extending the current sequence of growth to five months. At 52.3, the HSBC Composite Output Index was down slightly from August’s 17-month high of 52.8, and signalled a moderate pace of increase. September data signalled slightly weaker expansions of both manufacturing and services business activity. Furthermore, latest data indicated the weakest increase in manufacturing output in the current four-month sequence of expansion. Meanwhile, service sector ... (full story)
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- Oct 7, 2014 10:04pm Oct 7, 2014 10:04pm
- fxmajic
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