A closely-followed report by bank HSBC, released Monday, said export orders for China’s factories slid at the sharpest rate since March 2009.
The final reading of the British banking giant’s closely-watched purchasing managers’ index, which gauges nationwide manufacturing activity, slid to 47.6 last month from 49.3 in July, HSBC said in a statement.
This was the lowest since March 2009 and marked the 10th consecutive monthly fall, the bank said. It chimed with the official PMI figure released at the weekend, which hit a nine-month low of 49.2.
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