China factory index ticks up, easing growth fears

Published September 23, 2014 11:46am ET



HONG KONG (AP) — Growth in China’s sprawling manufacturing industry unexpectedly ticked higher in September, according to a report Tuesday, easing concerns about the No. 2 economy’s recovery.

HSBC’s purchasing manager index edged up to 50.5 this month from 50.2 in August, based on a 100-point scale on which numbers below 50 indicate contraction.

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