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MNI BRIEF: Caixin China Sept Manufacturing PMI Falls To 50.6

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI edged down 0.4 points to register 50.6 in September from August, staying in the expansionary zone above the breakeven 50 mark for the fourth time in the past five months, the financial publisher said Sunday.

The production sub-index rose further above the 50 mark. The new orders sub-index fell but remained in the expansion range, but the new export orders sub-index was still rising in the contraction territory, indicating that improved domestic demand acted as the driving force.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Saturday, covers mainly large state-owned companies and rose 0.5 points to 50.2 in September.

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