MNI BRIEF: China's Sep PMI Rises To 50.2
China's manufacturing Purchasing Managers' Index rose by 0.5 points to 50.2 expansionary level in September, above the breakeven 50 mark for the first time in six months, data from the National Bureau of Statistics showed Saturday.
The production and new orders sub-indices recorded 52.7 and 50.5, up 0.8 and 0.3 pp from the previous month, indicating accelerated manufacturing activities as demand gradually recovers. Manufacturers have increased purchasing to meet production needs, with the purchasing sub-index rising for the second month to 50.7.
Non-manufacturing PMI registered 51.7, rebounding from last month's 51. The business activity index in the service sector rose by 0.4 pp to 50.9, while the construction sector rose by 2.4 pp to 56.2, the NBS added.