Tuesday, October 1, 2013
DJ: China Sept Manufacturing PMI Rises To 51.1
BEIJING--China's official manufacturing Purchasing Managers Index rose to 51.1 in September compared with 51.0 in August, the China Federation of Logistics and Purchasing said in a statement on Tuesday.
The September PMI was lower than the median 51.6 forecast of nine economists polled earlier by The Wall Street Journal.
A PMI reading above 50 indicates on-month expansion in manufacturing and a reading below indicates contraction.
The new-orders subindex rose to 52.8 from 52.4 and the new-export-orders subindex climbed to 50.7 from 50.2, the statement said.
But the business-expectations index dropped to 58.4 from 59.4, it added.
The HSBC China Manufacturing Purchasing Managers' Index gauge of nationwide manufacturing activity edged up to a final reading of 51.2 in September from 50.1 in August, HSBC Holdings PLC said on Monday.
The federation issues the official PMI data with the National Bureau of Statistics.