RTTNews - An index measuring manufacturing activity in China ticked higher to a score of 54.0 in August, the China Federation of Logistics and Purchasing said on Tuesday. That was higher than analyst expectations for a score of 53.5 following the 53.3 reading in July.
Nine of the 11 categories that comprise the index saw gains, while one was lower and the new exports component remained unchanged at 52.1.
The index has remained above the boom-or-bust level of 50 points for the sixth consecutive month. A score over 50 indicates expansion, while a reading under 50 signifies contraction.
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