The PMI figures for China are based on recent data from the National Bureau of Statistics (NBS). While a reading above 50 implies growth, a reading below that score points towards a reduction. The sub-index for new orders jumped by 0.6 points from August to 49.8, leading to an increase in demand.

“As policies and measures to stabilise the economy continue to take effect this month, and the negative effects of heat waves wane, the manufacturing PMI has bounced back to the expansion territory,” NBS’ senior statistician Zhao Qinghe was quoted as saying by various Chinese media reports.

Fibre2Fashion News Desk (NB)