Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 30 (Xinhua) — China's manufacturing purchasing managers' index (PMI) stood at 49.8 in September, up 0.4 percentage points from August, data from the National Bureau of Statistics (NBS) showed Tuesday.
Let us remember that a PMI index above 50 indicates expansion of the manufacturing sector, while one below 50 indicates contraction.
"Data show that manufacturing activity accelerated in September and the overall business climate continued to improve," said NBS Chief Statistician Ho Lihui.
The production sub-index was 51.9, which is 1.1 percentage points higher than the August figure and is the highest value in almost a six-month period.
In addition, the new orders sub-index was 49.7, up from the previous month's figure of 49.5.
Some key sectors maintained their growth momentum, with the PMI readings for equipment manufacturing and high-tech manufacturing coming in at 51.9 and 51.6, respectively.
The data also showed a more positive market outlook, with the production and business expectations sub-index reaching 54.1, up from 53.7 in August.
“This is the third consecutive month of growth in the expectations sub-index, indicating that manufacturing enterprises are optimistic about market development,” said Ho Lihui. -0-
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