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China manufacturing activity picks up in September — official PMI still in contraction
- China's factory activity shrank for the sixth straight month in September, with the official manufacturing Purchasing Managers Index at 49.8, remaining below the cutoff for expansion at 50.
- A private sector survey reported an increase in the PMI to 51.2, indicating some recovery in manufacturing activity in September.
- China's economy is hindered by a prolonged slump in the property sector, high unemployment, and weak household spending according to the report.
- China's economy faces challenges from trade tensions and sluggish demand.
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China’s manufacturing activity shrank for the 6th straight month. Here’s why
China’s factory activity shrank for a sixth straight month in September, the longest slump since 2019, an official report said Tuesday.The official manufacturing purchasing managers index, or PMI, improved to 49.8 from 49.4 in August. But it remained below the 50-cutoff level between contraction and expansion on a scale of 0 to 100.A private sector PMI survey by the credit research and rating startup RatingDog was more upbeat, with September’s o…
kreiszeitung.de+4 Reposted by 4 other sources
The mood in China's industry remains subdued, but this does not seem to apply to all parts of the economy, which expresses the outlook and why there are now two mood patterns.
Coverage Details
Total News Sources36
Leaning Left5Leaning Right4Center8Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 29%
C 47%
R 24%
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