Wednesday 31 July 2013

China's PMI 50.3 survey done by the National Bureau of Statistics

   The PMI survey released by the National Bureau of Statistics earlier on Thursday showed the index rising to 50.3 in July from 50.1 in June.
Investors trying to gauge what is happening in the world's second-largest economy also look at surveys on China's fledgling services sector, which has been holding up relatively well compared to the manufacturing sector.
China's official PMI suggest services are growing faster than manufacturing. The services measure has hovered between 53.9 and 56.7 in the past 12 months, while manufacturing has fluctuated between 49.2 and 50.9.

The official services PMI for July will be released on August 3, followed by the HSBC services PMI on August 5.

Source:  Reuters

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