Man­u­fac­tur­ing PMI re­bounds in Sept

China Daily (Canada) - - NEWS CAPSULE -

The Caixin Gen­eral China Man­u­fac­tur­ing Pur­chas­ing Man­agers' Index (PMI), a pri­vate gauge of Chi­nese man­u­fac­tur­ing ac­tiv­ity, im­proved slightly in Septem­ber, the lat­est sign the world's sec­ond-largest econ­omy is sta­bi­liz­ing.

The Caixin man­u­fac­tur­ing PMI edged up to 50.1 in Septem­ber from a read­ing of 50 the pre­vi­ous month, ac­cord­ing to a sur­vey con­ducted by fi­nan­cial in­for­ma­tion ser­vice provider Markit, spon­sored by Caixin Me­dia. A read­ing above 50 in­di­cates ex­pan­sion, while any­thing be­low rep­re­sents con­trac­tion.

It was only the sec­ond time the index had been in ex­pan­sion­ary ter­ri­tory since Fe­bru­ary 2015.

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