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China's PMI jumps in August, but private sector trails behind

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Published Thu, Sep 1, 2016 · 09:50 PM

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    Beijing

    CHINA'S official Purchasing Managers' Index (PMI) jumped unexpectedly in August, led by infrastructure in state-owned companies (SOEs), but analysts say weaknesses remain.

    The official index, more geared towards large SOEs than the private Caixin PMI index, came in at 50.4 - above the 50 point-mark which separates expansion from contraction. This is the highest reading in nearly two years.

    ChinaInfrastructure

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