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Economy

HSBC Purchasing Managers’ Index — Official Press Release

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Smokestacks

China’s manufacturing activity slowed in August, according to HSBC:

Chinese manufacturers saw a further improvement in overall operating conditions in August. That said, the pace of improvement eased to a fractional pace as both output and new order growth slowed and job shedding in the sector persisted. Meanwhile, input costs declined for the first time in three months while increased competition for new business led manufacturers to reduce their selling prices.

After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™)–a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy–posted at 50.2 in August, down from July’s 18-month high of 51.7. This signalled only a fractional pace of improvement that was the weakest in three months.

READ ALSO: 10 States Where Manufacturing Still Matters

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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