Economics
China Manufacturing Gauge Increases to Six-Month High
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A Chinese manufacturing index rose to a six-month high in September, signaling that a rebound in the world’s second-largest economy is gaining steam.
The preliminary reading of 51.2 for a Purchasing Managers’ Index released today by HSBC Holdings Plc and Markit Economics compared with a 50.9 median estimate from 14 economists surveyed by Bloomberg News. The gauge was at 50.1 in August. A euro-area manufacturing and services gauge rose more than estimated this month, a separate Markit report showed today.