HONG KONG (AP) — Growth in China's sprawling manufacturing industry unexpectedly ticked higher in September, according to a report Tuesday, easing concerns about the No. 2 economy's recovery. HSBC's purchasing manager index edged up to 50.5 this month from 50.2 in August, based on a 100-point scale on which numbers below 50 indicate contraction. Analysts had expected the reading to fall for a second month, dragged down by the slumping property market.
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By KELVIN CHAN, AP Business Writer, San Antonio Express-News: World
Mon, 09/22/2014 - 8:40pm
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