Caixin’s manufacturing PMI in China for September reached 50.0 points, above the 49.5 expected and rising from 49.2 the previous month, which shows that the country’s manufacturing sector is looking towards expansion territory.
Earlier in the day, the China’s official manufacturing PMI contracted to 49.6 in September from 50.1 seen in August and falling below the expected 50.1, reported the National Statistics Office (NBS).
Comentarios del Dr. Wang Zhe, Economista Senior de Caixin Insight Group
“Caixin’s General Manufacturing PMI in China reached 50 points in September, which shows that conditions in the manufacturing sector were unchanged from the previous month. Factors such as the reappearance of Covid-19 in various regions and the shortage of raw materials continued to hurt the economy. “
“Supply in the manufacturing sector continued to decline, while demand improved. The resurgence of the epidemic in several regions and deficiencies in raw material supplies slowed production in manufacturing companies.”
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