Brief
China's September factory PMI rises above 50, signalling expansion
The official PMI edged to 50.1 in September, while a private survey showed a stronger 52.1 reading.
By Felo News Desk · Published
China's factory activity expanded in September for the first time in three months, the National Bureau of Statistics said on Wednesday, with the official manufacturing purchasing managers' index (PMI) rising to 50.1 from 49.8 in August.
The index, which measures expansion above the 50‑point threshold, matched economists' expectations. Sub‑indexes also stayed in expansion territory, with production at 51.7 and new orders at 50.5.
A private survey, the RatingDog PMI, reported a higher reading of 52.1 in September, up from 51.5 in August, indicating further improvement in the sector.
The data were released ahead of China's week‑long October national holiday, a period closely watched by policymakers for domestic consumption trends.
Key facts
- China's official manufacturing PMI rose to 50.1 in September, up from 49.8 in August. (independent.co.uk)
- The PMI reading above 50 indicates expansion. (independent.co.uk)
- The private RatingDog PMI showed a reading of 52.1 in September, up from 51.5. (independent.co.uk)
- Production sub‑index increased to 51.7, new orders sub‑index to 50.5. (independent.co.uk)
Sources
- [1] independent.co.uk — originally reported as “Factory activity returns to expansion in a positive sign for China’s economy”
