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China’s manufacturing PMI remains stable in September

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/10/2016 (16:58)
According to media reports, China’s official Purchasing Managers’ Index (PMI) remained stable at 50.4 in September compared with the August level which was in line with the expectations in a survey conducted by Reuters. Any figure above 50 represents an expansion while any figure below 50 shows a contraction.

The index for factory output rose to a reading of 52.8 from August’s 52.6 while the index for total new orders fell to a reading of 50.9 from the previous month’s reading of 51.3. According to some economists, the past few months’ figures indicate positive economic growth, however, government spending and stronger property market remain a risk.

Sectors including high-tech, auto manufacturing and shipbuilding saw a strong increase while the sub-index for employment posted a slight increase to 48.6 from 48.4 in August.

Meanwhile, another PMI index compiled by Caixin/Markit increased to a reading of 50.1 in September from 50.0 in August.
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