China’s economic recovery underlined as manufacturing, services outlook remains positive

Both China’s manufacturing and services industries continued to show recovery in September, data released on Wednesday showed.China’s official manufacturing purchasing managers’ index (PMI) stood at 51.5 in September, with a reading above 50.0 signifying growth in factory output. This was an above the reading of 51.0 for August, and also above the median expectations in a Bloomberg survey for a rise to 51.3.The official non-manufacturing PMI, which measures sentiment in the services and…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3103585/chinas-economic-recovery-underlined-manufacturing-services