China manufacturing steady in September
Official PMI reading at 51.5, unchanged from August but lower than July's 51.7
CHINESE manufacturing held firm in September, coming in slightly above expectations and painting a mixed picture of the world's second largest economy which is grappling with a continued slump in growth.
The official purchasing managers index (PMI) came in at 51.5 in September, the National Bureau of Statistics (NBS) said in a statement on Wednesday. This was unchanged from August, but lower than the 51.7 reading in July.
On Tuesday, a private PMI index published by investment bank HSBC also remained unchanged at 50.2 in September compared with August.
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