Caixin flash PMI hits 78-month low in Septem­ber

China Daily (Canada) - - NEWS CAPSULE -

The Caixin flash China gen­eral man­u­fac­tur­ing PMI plunged to 78-month low at 47.0 in Septem­ber from 47.3 in Au­gust, a pre­lim­i­nary Caixin sur­vey showed.

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

The sub-in­dex on man­u­fac­tur­ing out­put re­treated to a 78-month low of 45.7 in Septem­ber from 46.4 in Au­gust, ac­cord­ing to the sur­vey from Caixin Media Co Ltd.

The flash in­dex is pub­lished on a monthly ba­sis ahead of fi­nal PMI data, mak­ing it the ear­li­est avail­able in­di­ca­tor of man­u­fac­tur­ing con­di­tions in China. The es­ti­mate is based on ap­prox­i­mately 85 to 90 per­cent of to­tal PMI sur­vey re­sponses from over 420 man­u­fac­tur­ing com­pa­nies each month and is de­signed to pro­vide an in­di­ca­tion of the fi­nal PMI.

The fi­nal PMI for Septem­ber will be re­leased on Oct 1.

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