MNI DATA IMPACT: China Sept Manufacturing PMI Rebounds To 49.8

     BEIJING (MNI) - China's Purchasing Manager Index (PMI) bounced back to 49.8

in September from August's 49.5, according to data released by the National

Bureau of Statistics on Monday. The figure beat the forecast of 49.6 by analysts

polled by Wind Information. The index was, however,in the contractionary zone

below 50 for the fifth straight month. 

     MNI highlights the following key points:

     - The moderate gain was mainly due to the expansion of both production and

demand. The new order sub-index rebounded by 0.8 percentage points to 50.5% from

last month, rising into the expansionary zone for the first time since May. The

production sub-index also rose by 0.4 pp monthly to 52.3%. 

     - External demand also saw an improvement of 1.0 pp to 48.2% from August,

although it was still below the breakeven 50.0%.

     - The manufacturers' confidence index jumped by 1.1 pps to 54.4%,

encouraged by a series of policy measures to support the development of the real

economy, the NBS said.

     - The Non-manufacturing PMI edged down 0.1 pp to 53.7 from August, but

maintained its expansion momentum.

     --Business activity in the air transportation, postal express, Internet

software, banking and securities sectors were above 58, indicative of fast

growth, according to the NBS.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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