Source: IHS Markit.
China’s general manufacturing PMI improved in September, supported by a renewed upturn in total sales and a softer reduction in output. CSI 300 Index up +0.67%, CNY USD up +0.14%
- The headline seasonally adjusted Purchasing Managers’ Index (PMI) improved from 49.2 in August to 50.0 in September.
- The improvement signaled that business conditions stabilized at the end of Q3, after a slight decline in the previous month, but the latest reading was still the 2nd-lowest posted in the last 17 months.
- The latest PMI data indicated that business conditions across China’s manufacturing sector stabilized in September, after a slight slowdown in August.
- At the same time, China’s purchasing activity also rebounded to growth, while confidence towards the year ahead also strengthened.
- Supply chain delays carried on amid sustained reports of material shortages that triggered sharper increases in input costs and output prices.
- Inflationary pressures increased in September, with the average input costs increasing significantly.
- The rate of inflation rose at the quickest pace in four months as energy and material costs increased.
And here is a golden tip
Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots