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German Mar Factory Orders Beat Expectations


Bullish Focus


(M1) Needle Still Points North


(N1) Approaching $70.00


Bears Still In Charge

     BEIJING (MNI) - China's official manufacturing PMI, jointly released by the
China Federation of Logistics and Purchasing (CFLP) and the National Bureau of
Statistics (NBS), jumped to 52.4 in September from 51.7 in August.
     The reading means that activity in the Chinese manufacturing sector rose at
a faster pace than the month before.  
     The September reading was the highest since April 2012 when it stood at
53.3. It was also the 14th consecutive month that the reading has been above the
50 break-even mark. 
     The September reading is much higher than MNI's survey median forecast,
which expected a slightly easing in the index to 51.6.
          --Manufacturing new orders index rose to 54.8 from 53.1 in August 
          --Manufacturing output index rose to 54.7 in July from 54.1 in August
          --Input price index rose to 68.4 in July from 65.3 in August
          --Business expectations index inched down to 59.4 from 59.5 in August
          --New export orders rose to 51.3 from 50.4 in August
     The official services PMI rose to 55.4 in September from 53.4 in August,
the NBS said. 
--MNI BEIJING Bureau; +1 202-371-2121; email:
--MNI Beijing Bureau; +86 (10) 8532 5998; email:
[TOPICS: MAQDS$,M$A$$$,M$Q$$$,MT$$$$]