China's manufacturing expands above estimations

China

China's manufacturing activity expanded at the fastest rhythm in August, within a period of two years, amid the construction industry having boomed and the economy responding to government spending.

China's manufacturing activity improves

The above positive reading may boost the view that China could improve both short-term and long-term expectations, thus not being in a hurry to cut interest rates or reserves.

Furthermore, the official PMI climbed for the month of August to 50.4 and was above July's 49.9 reading.

Spain

Spain's manufacturing PMI stabilized at 51.0. The economists estimated the PMI to drop to 50.9.

France

The French manufacturing PMI dropped from 48.5 to 48.3. The analysts predicted stabilization at 48.5.

Germany

Germany's manufacturing PMI stabilized at 53.6 and matched the analysts' predictions.

Norway

Norway's retail sales declined to -0.6%. The analysts predicted the indicator to appreciate 0.3%.

Euro zone

Euro zone's manufacturing PMI dropped from 51.8 to 51.7. The analysts predicted stability at 51.8.

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