China CFLP Manufacturing PMI Beat Estimates at 51.7 in August

     BEIJING (MNI) - The official China manufacturing PMI, jointly released by

the China Federation of Logistics and Purchasing (CFLP) and the National Bureau

of Statistics (NBS), rose to 51.7 in August from 51.4 in July.

     The reading means that activity in the Chinese manufacturing sector

continued to rise, and at a faster pace than the month before.  

     The August reading was the highest since June when it also stood at 51.7.

It was also the 13th consecutive month that the reading has been above the 50

break-even mark. 

     The August reading is higher than MNI's survey median forecast of 51.3.

          --Manufacturing new orders index rose to 53.1 from 52.8 in July 

          --Manufacturing output index rose to 54.1 from 53.5 in July

          --Input price index rose to 65.3 in July from 57.9 in July

          --Business expectations index rose to 59.5 from 59.1 in July

          --New export orders fell to 50.4 from 50.9 in July

     The official services PMI fell to 53.4 in August from 54.5 in July, the NBS

said. It was the first time that the index has fallen below 54 in the last 10

months, but it is still a relatively high level. 

--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

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