World Economy

China Factory Gauge Falls

China Factory Gauge FallsChina Factory Gauge Falls

A Chinese manufacturing gauge fell from an initial reading a week ago as a property slump weighs on the world’s second-largest economy. The Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics for September was at 50.2, lower than the preliminary figure of 50.5 and unchanged from August, Bloomberg reported. Numbers above 50 signal expansion. The Hang Seng Index in Hong Kong extended losses after the report. Economists have cut estimates for this year’s gross domestic product growth after data on industrial profits, factory output and credit showed a deteriorating outlook.