China manufacturing picks up, service industry slows
August PMI results rise to 51.7 from 51.4 in July
For the 13th straight month, China’s purchasing managers’ index showed expansion, rising to 51.7 in August, up from 51.4 in July, according to data from the National Bureau of Statistics.
Non-manufacturing activity growth, reflecting the service sector, slowed to 53.4 for the month, from 54.5 in July.
A more comprehensive picture will come on Friday when the private Caixin/Markit PMI results are released.