China Manufacturing Sector PMI For September Falls Slightly To 55.0

Sponsored Links

Wednesday, Markit Economics announced that the HSBC China Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 55.0 in September, down 0.1 percentage points from August. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the sixth consecutive month that the manufacturing PMI has expanded.

Manufacturing output expanded for the sixth consecutive month, although the latest expansion was marginally lower than August's reading.

Levels of new businesses placed at Chinese manufacturers rose for the sixth straight month, while growth of new businesses eased slightly. Also, foreign order levels and employment rose for the fourth successive month.

Wednesday, Markit Economics announced that the HSBC China Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 55.0 in September, down 0.1 percentage points from August. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the sixth consecutive month that the manufacturing PMI has expanded. (Market News Provided by RTTNews)