Economists Are Beginning To Crank Up Their China Forecasts After Last Night's Manufacturing Report

Matthew Boesler

Specifically, the headline PMI index rose to 50.1 from July's 47.7 reading, beating consensus expectations for a slighter rise to 48.2 (any number below 50 on the index indicates contraction, whereas any number above 50 indicates expansion).

Following the release, BofA Merrill Lynch economist Ting Lu, who is bullish on the Chinese economy, asserted that "many Street economists will likely to revise up their overly pessimistic 3Q GDP growth forecasts soon."

Deutsche Bank economist Jun Ma did just that today.

See Also: