The jump in domestic demand makes Chinese manufacturing raise its head again. In August the final reading of thePMI HSBC manufacturing index is confirmed at 50,1 points, from 47,7 in July. This is the first growth in four months, which brings the figure back beyond the threshold of 50 basis points, which marks the border between expansion and contraction.
Over the weekend, it also arrived from China the official PMI manufacturing index, which stood at 51,0 points in August, up from 50,3 in July. Estimates had predicted a more limited improvement, at 50,6. In this case it is the highest figure for 16 months.
Asia-Pacific stocks hit a two-week high today, boosted by the performance of China's manufacturing data. There Tokyo Stock Exchange closed today up 1,37%, at 13.572,92 points. The Topix gained 1,06% to 1.117,78.
