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China's PMI falls from 27-month high in Aug

Shallow recovery may be starting to lose momentum; risks remain in property sector

Published Mon, Sep 1, 2014 · 10:00 PM

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 smalle…

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