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China manufacturing steady in September
Official PMI reading at 51.5, unchanged from August but lower than July's 51.7
Add BT as a preferred sourcePublished Wed, Oct 1, 2014 · 09:50 PM
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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