China Factory Activity Expands Again In September: Official PMI
October 3, 2016
Activity in China’s manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained.
The official Purchasing Managers’ Index (PMI) stood at 50.4 in September, identical with the previous month’s level. A reading above 50.0 shows growth on a monthly basis.
September’s 50.4 reading matched the prediction of a Reuters poll.
After a significant pick-up in March, China’s official PMI slipped, falling below 50 in July before showing expansion in August.