Factory activity returns to expansion in a positive sign for China’s economy – WTOP News
Official and private surveys showed stronger new orders and export demand, with services also expanding at their fastest pace in three months.
- On Wednesday, China's services activity expanded at its fastest pace in three months in September, with the RatingDog China General Services PMI rising to 51.6 from 51.4 in August.
- Manufacturing activity also improved, with the official purchasing managers' index climbing to 50.1 from 49.8 in August, ending two straight months of contraction.
- The RatingDog China General Composite PMI, covering manufacturing and services, rose to 52.4 from 52.1 in August, while production output climbed to 51.7 from 50.4.
- Lynn Song, chief economist for Greater China at ING Bank, wrote that "manufacturing has been a relative strength this year," though growth is driven by external demand as domestic consumption lags.
- Officials introduced new subsidies on Tuesday for Chinese homebuyers' mortgage interest payments, with these reports arriving ahead of China's weeklong October national holiday.
26 Articles
26 Articles
Global Market: China factory activity returns to growth in September as AI boom supports industrial sector
China’s factory activity returned to growth in September, with the official manufacturing PMI rising above the expansion threshold. Strong production and AI-linked demand supported the rebound, though weak domestic demand, employment and property activity remained concerns.
China's official manufacturing purchasing managers' index (PMI) rose to 50.1 in September, the first time in three months that it has crossed the 50-point mark, indicating expansion. The reading was in line with expectations and bolstered hopes that the Chinese economy will pick up again after a slowdown in the second quarter.
Factory activity returns to expansion in a positive sign for China
HONG KONG (AP) — China’s factory activity expanded in September for the first time in three months, striking a more positive tone as Chinese officials look to bolster economic growth. The official manufacturing purchasing managers’ index, or
Factory activity returns to expansion in a positive sign for China’s economy – WTOP News
HONG KONG (AP) — China’s factory activity expanded in September for the first time in three months, striking a more positive tone as Chinese officials look to bolster economic growth. The official manufacturing purchasing managers’ index, or PMI, climbed to 50.1 from 49.8 in August, China’s National Bureau of Statistics said Wednesday. The index reading,...
Coverage Details
Bias Distribution
- 41% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
