Sharp Rise in Manufacturing PMI Signals that PBOC will Keep the Powder Dry for the Month

<p>China’s manufacturing PMI (by Caixin) rose to almost a decade high of 53.1 August, from 52.8 a month ago. This indicates that China’s manufacturing activities have been expanding over the past 4 months and the rebound has accelerated. The accompanying report noted that output and new orders showed biggest increases since the beginning of 2011. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/323319-sharp-rise-in-manufacturing-pmi-signals-that-pboc-will-keep-the-powder-dry-for-the-month/">Sharp Rise in Manufacturing PMI Signals that PBOC will Keep the Powder Dry for the Month</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>