The manufacturing sector in China continued to expand in September, albeit at a slower rate, the latest survey from Caixin revealed on Wednesday with a manufacturing PMI score of 53.0.
That’s down from 53.1 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output growth eased but remained marked, while there was a sharper increase in total new work as export sales rebounded.
Staffing levels stabilized, ending an eight-month string of decline.
Chinese manufacturers were generally confident that production would rise over the next 12 months.
The material has been provided by InstaForex Company – www.instaforex.com
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