China’s economy is displaying signs of stabilization, with factory operations returning to a growth phase.
In summary:
China’s Manufacturing PMI for September stood at 50.2, up from 49.7 in August.
China’s Non-Manufacturing PMI for September was 51.7, compared to 51.0 in August.
China’s Composite PMI for September reached 52.0, rising from 51.3 in August.
On September 30, an official survey revealed that China’s factory activity expanded for the first time in six months. This development aligns with a series of indicators that suggest the world’s second-largest economy has begun to stabilize.
According to data from the National Bureau of Statistics, the Purchasing Managers’ Index (PMI), which is based on a survey of significant manufacturers, increased from 49.7 in August to 50.2 in September. This reading surpassed the anticipated figure of 50.0 and crossed the critical 50-point threshold, indicating a shift from contraction to expansion in economic activity.
