China's PMI falls from 27-month high in Aug
Shallow recovery may be starting to lose momentum; risks remain in property sector
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CHINA'S official Purchasing Managers' Index (PMI) which tracks sentiment in the manufacturing sector fell from a 27-month high in August, pointing to continued weakness in the economy, mainly in the property sector.
The reading came in at 51.1 points, according to a statement published by the statistics bureau. This compared with 51.2 in a Reuters poll and July's 51.7.
Meanwhile, HSBC's final PMI reading, geared towards smaller firms than the official one, also dropped on Monday, falling to a three-month low of 50.2, a dip from the flash reading of 50.3.
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