China's manufacturing sector rose in July, supported by growth of output and new orders, according a survey compiled by Hong Kong investment bank CLSA. The CLSA purchasing manufacturer's index, a composite indicator designed to provide a snapshot of the health of the manufacturing sector, rose to 53 from 52.9 in June, its highest level since May 2005. The rise in production marks the eighth consecutive monthly index gain.
China's Manufacturing Index On The Rise
The CLSA purchasing manufacturer's index, rose to 53 from 52.9 in June, its highest level since May 2005.
Aug 1, 2006