Bloomberg Originals
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China’s Official Factory Gauge Shrinks
Posted
September 1, 2015
Views
3,173
Likes
15
Comments
3
Engagement
0.57%
September 1, 2015
3,173
15
3
0.57%
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2:09Now PlayingSeptember 1 -- China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
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