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China PMIs return to expansion territory, signalling modest growth uptick
China's official manufacturing PMI data rose to 50.1 in September, coming in line with expectations (market: 50.1, ING: 50.1). This was the first time in three months that this survey has been above the 50-threshold demarcating expansion and contraction. Looking at the subindices, the production subindex rose to 51.7, the highest level of 2026. New orders and new export orders both edged down 0.1pp to 50.5 and 50.0, respectively. The price subindices also picked up amid higher tech and energy prices. The raw material price subindex rose to a 5-month high of 60.8, and ex-factory prices rose to 54.0, also a ... (full story)
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From investinglive.com | 9 hr ago
A move in the official manufacturing PMI back above 50 would be read as a modest positive for China-sensitive assets, including the Australian dollar, the yuan and industrial metals. For oil, the question is whether the data changes the view on Chinese fuel demand, and a soft non-manufacturing print would keep demand worries alive. With mainland ...
From cnbc.com | 2 hr 2 min ago
China’s factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth. The official manufacturing purchasing managers’ index rose to 50.1 from 49.8 in August, National Bureau of Statistics data showed Wednesday, in line with analysts’ forecast for a modest expansion of 50.1 ...
China’s service sector expanded at a faster rate in September, according to the latest RatingDog PMIŽ survey data, which is compiled by S&P Global. Stronger inflows of new work boosted activity levels at the end of the third quarter and supported a further increase in employment. Business confidence regarding the year ahead also improved among service ...
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- Sep 29, 10:32pm | 3 hr ago Posted byFundamental Analysis518
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