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Economic Buzz: China Official PMI Enters Into Expansion Territory

30 Sep 2022 , 12:12 PM

The purchasing managers index (PMI) for Chinas manufacturing sector came in at 50.1 in September, up from 49.4 in August, data from the National Bureau of Statistics showed Friday. The sub-index for production reached 51.5 in September, up 1.7 points from the previous month. Demand continued to improve, as the sub-index for new orders rose 0.6 points from August to 49.8. The PMI for Chinas non-manufacturing sector came in at 50.6 in September, down from 52.6 in August. Powered by Commodity Insights

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