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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms