China’s Manufacturing PMI Expands in September

The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.2 in September, bouncing back to the expansion zone, the Xinhua News Agency said quoting data issued by the National Bureau of Statistics (NBS).

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

This is the first time since April that the PMI for China’s manufacturing sector has surged above 50, following four consecutive months of growth, according to the NBS.

Data showed that among the 21 surveyed industries, 11 reported expansion in September.

Data also revealed that non-manufacturing PMI came in at 51.7 in September, standing above the boom-or-bust line.

China’s composite PMI stood at 52 in September, indicating that overall production at manufacturing and non-manufacturing enterprises has continued to expand.