HSBC PMI picks up as policy easing kicks in
By Zheng Yangpeng | China Daily | Updated: 2014-07-25 07:33
Measure of activity hits 18-month high, exceeding market expectations
A Chinese manufacturing activity gauge beat expectations in July, hitting an 18-month high as easier monetary and fiscal policies kicked in.
The preliminary reading of the Purchasing Managers Index, jointly released by HSBC Holdings Plc and Markit Ltd on Thursday, rose to 52 from the final June reading of 50.7, beating a market consensus of 51.
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