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China's manufacturing PMI rises to 50.1 in Sep 2022 from 49.4 in Aug

03 Oct '22
1 min read
Pic: Shutterstock/ humphery
Pic: Shutterstock/ humphery

China’s manufacturing sector indicated a higher purchasing manager’s index (PMI) of 50.1 in September 2022 compared to 49.4 in August 2022. The sub-index for the country’s production also increased by 1.7 points from the month before to 51.5 in September this year.

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)

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