HONG KONG (AP) — China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.
The preliminary HSBC purchasing managers' index rose to 52.0 in July from 50.7 in June on a 100-point scale on which numbers below 50 indicate contraction.
July's reading was the highest since January 2013.
TGS Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held