Economics
China Manufacturing Gauge Rises to 18-Month High
This article is for subscribers only.
A Chinese manufacturing gauge rose to an 18-month high in July, bolstering the government’s chances of meeting its 2014 economic-growth target of about 7.5 percent.
The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 52.0, topping the 51.0 median estimate of analysts in a Bloomberg News survey and June’s final 50.7 reading. Numbers above 50 indicate expansion.