Economics
Chinese Factory Gauge Drops to Lowest Level Since March 2009
China Stocks Decline on Disappointing Factory Data
This article is for subscribers only.
A Chinese manufacturing gauge fell to the lowest in more than six years, suggesting the economy will need further policy support to stem a deepening slowdown.
The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics was at 47.1 for August. That compared with a median estimate of 48.2 and the final reading of 47.8 the previous month. Numbers below 50 indicate contraction.